WEEKLY: Tighter availability keeps China NPI prices steady at highs

China's spot prices of high-grade nickel pig iron (NPI) stabilized at high levels during Mysteel's May 25-29 survey week, supported by firm raw material costs and tightening availability of cargoes at ports.

On May 29, 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, unchanged on week. Trader offers were mostly heard at Yuan 1,150-1,170/mtu, while actual transactions remained scarce due to persistently weak buying interest, Mysteel