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Chinese NPI prices rises slightly, sentiment improves

Chinese prices of nickel pig iron (NPI) increased slightly over the past week as sentiment in the domestic market saw some improvement, thanks to support from firm raw materials prices and limited supply of the ferroalloy, Mysteel Global learned.
As of January 12,the price of 8-15%grade NPIin East China’s Jiangsu provincewasassessedat Yuan 1,095/mtu ($169/mtu) including delivery and the 13% VAT,gaining Yuan 15/mtu from one week before, according to Mysteel’s data. “The domestic NPI smelters are trying to lift their offering prices, given the high raw materials costs and reduced NPI supply, though the high prices are

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