Yesterday, the high-grade NPI market continued to hold in a low-level stalemate. At present, steel mills' acceptable purchase prices are mostly in the range of Yuan 1,130–1,140/mtu (including delivery and tax), falling below suppliers' expected selling levels, with market transactions remaining thin. On the cost side, Indonesian domestic ore benchmark prices moved lower, with the HPM for Ni:1.6% saprolite ore at US $66.64/wmt and the market price at US $66.64/wmt and the market price at US $70.64/wmt. The IWIP industrial park tendered purchases of Philippine 1.3% grade nickel ore at CIF US $45/wmt and 1.4% US $56/wmt. For Philippine nickel ore, Lianyungang CIF Philippine 1.3% grade ore was quoted at US $47/wmt. Cost support from the ore side is marginally weakening, though the pace of decline has slowed in the near term. On the supply side, available spot supply in the market remained tight, with holders still showing reluctance to sell at lower prices. The tightening stance on Indones