WEEKLY: China NPI prices stay on downward trajectory

Prices for high-grade nickel pig iron (NPI) in China's domestic spot market continued their downward track this week, under pressure from stainless steel mills and amid ample supply of the ferroalloy.

On September 4, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,130/mtu ($168/mtu) including delivery and tax, lower by Yuan 10/mtu from the prior week. The pace of the slide accelerated on Thursday, with a southern Chinese stainless mill concluding