The Chinese price for nickel pig iron (NPI) continued to drop in the week to Friday November 20, with the falling price of domestic stainless steel and some traders' sell-offs at lows dragging prices down, sources said.
Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,070-1,100 yuan ($163-168) per nickel unit on Friday, down by 60-70 yuan per nickel unit or 5.7% from 1,140-1,160 yuan per nickel unit a week prior.The domestic stainless steel price in China slid to its lowest in nearly four months in the week to November 18, after mills lowered prices...