WEEKLY: China's NPI prices soften in quiet market

Chinese prices of nickel pig iron (NPI) softened this week as the domestic market was still quiet after the Dragon Boat Festival holiday ended on June 24, Mysteel Global learned.

As of June 26, the price of 8-10% grade NPI in East China's Jiangsu province was assessed by Mysteel at Yuan 1,100/mtu ($152/mtu) including delivery and the 13% VAT, lower by Yuan 5/mtu from one week earlier. Domestic smelters have faced some pressures regarding NPI sales recently, as imports of