China’s NPI prices grow further on better sentiment
Oct 21, 2020 17:30
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Chinese prices of nickel pig iron (NPI) continued to strengthen over the past week, mainly reflecting better sentiment among domestic NPI smelters. Their mood improved thanks to the support prices gained from the firm raw materials costs and the potential demand for NPI from stainless steelmakers, Mysteel Global learned.
As of October21,the price of
8-15% grade NPIin East China’s Jiangsu provincewas at
Yuan1,195/mtu ($180/mtu)includingthedelivery and 13%
VAT, a one-year high after rising albeit by a small Yuan 5/mtu on week, according
to Mysteel’s data.
The price of 1.5% Ni
contentconcentratefrom the Philippinesgained Yuan 18.5/t
during the same period to reach Yuan 589.5/tincluding the 13% VAT in