WEEKLY: China NPI prices soften further under mill pressure

China's prices for high-grade NPI continued falling this week as stainless steel mills intensified downward pressure on raw material costs, eventually finding a tentative floor just before the weekend, Mysteel Global learned.

On September 18, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,070/mtu ($160/mtu) including delivery and tax, lower by Yuan 30/mtu from the prior week. Several mill deals were concluded during the week. On September 15-16, trades were concluded at