WEEKLY: China NPI prices steady, consumers seek alternatives

China's domestic spot prices of high-grade nickel pig iron (NPI) remained stable this week, with mainstream quotes showing no significant fluctuations, according to Mysteel's latest survey.

On June 12, 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, flat from a week earlier. On the cost side, Philippine nickel ore prices were mostly steady at low levels, offering limited support for