WEEKLY: China's NPI prices rise on Indonesia's HPM revision

China's spot prices for high-grade nickel pig iron (NPI) edged up this week, driven by expectations of higher costs for the ferroalloy following Indonesia's new nickel ore pricing rule, according to Mysteel's latest survey.

On April 17, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,105/mtu ($162/mtu) including delivery and tax, up Yuan 5/mtu week-on-week. Indonesia's Ministry of Energy and Mineral Resources had announced two days earlier that the Mineral Benchmark Price (Harga Patokan