UTC+8 ( BJT)

Firm production costs keep China NPI prices stable

ABSTRACT

Chinese prices of nickel pig iron (NPI) kept stable this week, with the price of 8-10% grade NPI in East China's Jiangsu province under Mysteel's assessment staying at Yuan 1,280/mtu ($190/mtu) including delivery and the 13% VAT as of August 10, the same level from one week before.
This week, the domestic NPI smelters were unwilling to cut their NPI offering prices further as their production costs are still staying firm, survey respondents said. Instead, many preferred to lower their output of this ferroalloy to stabilize the prices.   Besides, "some stainless producers recently began returning to the market for

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