China's NPI market sentiment positive despite softening prices

June 01, 2021 / www.metalbulletin.com / Article Link

China's nickel pig iron (NPI) prices widened downward last week amid a sliding stainless steel market, while the cif China discount for ferro-nickel decreased in the past month.

Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,125-1,150 yuan ($177-181) per nickel unit on Friday May 28, widening downward by 10 yuan (0.4%) per nickel unit from 1,135-1,150 yuan per nickel unit a week earlier.
Although lower prices emerged for NPI amid the softening of stainless steel market, sentiment remained positive, sources said.

Fastmarkets...

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