WEEKLY: China's NPI prices falter as cost support weakens

Source: Mysteel May 15, 2026 17:40

China's prices of high-grade nickel pig iron (NPI) retreated during Mysteel's May 11-15 survey week as production costs declined.

On May 15, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,160/mtu ($171/mtu) including delivery and tax, down Yuan 10/mtu from a week earlier. Philippine nickel ore prices weakened significantly during the week, reducing production costs for China's smelters. On