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High costs propel Chinese NPI prices to one-year high

Chinese prices of nickel pig iron (NPI) rose further over the past week on support of firm raw materials prices. As of October 28, the price of 8-15% grade NPI in East China’s Jiangsu province had gained another Yuan 15/mtu ($2.2/mtu) on week and refreshed the one-year high at Yuan 1,210/mtu including delivery and 13% VAT, according to Mysteel’s data.
Chinese prices of nickel concentrates remained firm during the same period. As of October 28, theprice of 1.5% Ni contentconcentratefrom the Philippineswas at Yuan 589.5/tincluding the 13% VAT in East China, thesame level as one week before, Mysteel’sdata showed. Many Chinese traders are keeping their offering prices of nickel concentrates at their current high, given the


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