WEEKLY: China NPI prices retreat on improving supply

China's prices of high-grade nickel pig iron (NPI) retreated this week from the highs seen in early August amid improving supply conditions and stainless steel mills pushing harder for lower prices, Mysteel Global learned.

On August 21, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,150/mtu ($171/mtu) including delivery and tax, lower by Yuan 10/t than the previous week. The supply-side landscape has shifted notably over the past few weeks. Indonesia resumed exports of