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China's NPI prices soften on thin demand

ABSTRACT

Chinese prices of nickel pig iron continued to soften this week after taking a pause over the prior week, as demand from stainless producers weakened with the further slide in stainless prices, Mysteel Global noted.
As of November 23, the price of 8-12% grade NPI in East China's Jiangsu province was assessed by Mysteel at Yuan 1,460/mtu ($229/mtu) including delivery and the 13% VAT, down Yuan 25/mtu from one week earlier.   Over the same period, the country's spot price of 304/2B 2mm stainless cold-rolled coil (CRC)

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