WEEKLY: Decline in China NPI prices accelerates as cost support, demand both weaken

Source: Mysteel Oct 16, 2026 15:20

The slide in China's market for high-grade nickel pig iron (NPI) gathered pace this week, with bearish sentiment deepening and prices of concluded transactions falling.

On October 16, Mysteel assessed the price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 1,040/mtu ($155/mtu) including delivery and tax, lower by Yuan 15/mtu from October 10, a substitute working day for the National Day holiday over October 1-7. The bid-ask gap widened,