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Higher cost and low supply support China’s NPI prices

Chinese nickel pig iron (NPI) prices continued to stabilize over the past week thanks to the support of higher nickel concentrate prices and tight supplies of this ferroalloy in the domestic market, which offset some pressure from stainless producers for sales price reductions, Mysteel Global learned.
As of September 22,the price of 8-15% grade NPIin East China’s Jiangsu provinceremained unchanged from one week before at the 10-month high of Yuan1,180/mtu($174/mtu) including delivery and 13% VAT, whilethe price of 1.5% Ni contentconcentratefrom the Philippineswitnessed a significant rise of Yuan 43/t on week to Yuan 584/tincluding the VAT in East China, anewrecord high sinceMysteelstartedthe price


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