Positive sentiment boosts the growth in China NPI prices

Source: Mysteel May 19, 2021 15:00

Chinese prices of nickel pig iron (NPI) made further ground over the past week as sentiment in the domestic market was buoyed by expectations of better demand from stainless steel mills.

As of May 18, theprice of 8-15%grade NPIin East China’s Jiangsu provincewas assessedat Yuan 1,140/mtu ($177/mtu)including delivery and the 13% VAT,up for the third consecutive week by another Yuan 40/mtu on week, according to Mysteel’s data. “Stainless steelmakers are likely to use more NPI in the coming term as they can enjoy bigger profit margins

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