UTC+8 ( BJT)

Power curbs push Chinese NPI prices to 10-year high

ABSTRACT

Chinese prices of nickel pig iron continued to rise this week, with the price of 8-12% grade NPI in East China's Jiangsu province under Mysteel's assessment hitting a 10-year high of Yuan 1,525/mtu ($238.7/mtu) including the delivery and 13% VAT as of October 20, up by Yuan 50/mtu on week.
The significant increase was mainly attributed to the on-going impact of power curbs among NPI smelters in many regions of the country, and the increase in their smelting costs from the higher electricity charges, Mysteel Global learned.   "Most NPI smelters cannot operate at their full capacity, given the local government requests

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