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Chinese NPI prices grow further on positive sentiment


Chinese prices of nickel pig iron (NPI) strengthened further this week with the positive sentiment of NPI smelters and the support from higher raw material costs, though the domestic market quietened with the coming Chinese New Year holiday over January 31-February 6, Mysteel Global learned.
As of January 26, the price of 8-12% grade NPI in East China's Jiangsu province was assessed by Mysteel at Yuan 1,435/mtu ($226/mtu) including delivery and the 13% VAT, up by another Yuan 45/mtu from one week before.   "Domestic NPI smelters are trying to lift their offering prices of this ferroalloy


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