WEEKLY: China NPI prices fall on improved supply, poor demand

China's prices of high-grade nickel pig iron (NPI) continued their downward track this week, pressured by looser supply and persistently weak demand for the ferroalloy, Mysteel Global learned.

On August 28, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,140/mtu ($170/mtu) including delivery and tax, lower by Yuan 10/mtu from the prior week. On the supply side, available cargoes have turned moderately looser recently, a symptom of the