China's NPI market quietens down, but nickel ore gains some strength

July 13, 2021 / www.metalbulletin.com / Article Link

China's nickel pig iron (NPI) prices were unchanged last week amid a softening of stainless steel prices and thinner trading, though those for nickel ore still increased because of tight supply.

Fastmarkets' price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,225-1,250 yuan ($189-193) per nickel unit last Friday July 9, the same as a week earlier, but up by 100 yuan (8.8%) from 1,125-1,150 yuan per tonne on May 28.
Prices failed to rise further after the five weeks of increases due to decreasing demand from stainless steel mills after the last round of stockpiling.

"The stockpiling...

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