WEEKLY: China NPI prices hold firm amid tight supply

China's domestic spot prices of high-grade nickel pig iron (NPI) held firm at elevated levels over the week to July 3, supported by tight spot availability but pressured by falling ore prices, Mysteel's latest survey shows.

On July 3, Mysteel assessed high-grade NPI (7-13% Ni) in East China's Jiangsu province at Yuan 1,160/mtu ($171/mtu) including delivery and tax, flat from a week earlier. On the supply side, spot cargo availability continued to tighten as most output was tied up under long-term contracts, leaving limited volumes for