WEEKLY: China NPI price declines deepen

Declines in China's spot prices of high-grade nickel pig iron (NPI) widened during Mysteel's survey period of September 24-October 10, a period that spanned the Mid-Autumn Festival from September 25-27 and the National Day holiday over October 1-7.

Prices held steady across most regional markets before and during the holiday, Mysteel Global learned. On October 10, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,055/mtu ($158/mtu) including delivery and tax, lower by Yuan 10/mtu from September 24. After the