China's NPI price down amid weak stainless steel market; nickel ores stable

November 20, 2021 / www.metalbulletin.com / Article Link

China's nickel pig iron (NPI) prices declined in the week to Friday November 19 amid bearish sentiment in the domestic stainless steel market, though those for nickel ore held steady.

Fastmarkets assessed prices for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,460-1,490 yuan ($229-233) per tonne on Friday, down by 10-20 yuan per tonne from 1,480-1,500 yuan per tonne a week earlier.
Domestic NPI prices in China started to trend downward since the beginning of November amid a weakening stainless steel market.

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