China's NPI prices retreat from all-time high; nickel ore market stable

Nickel pig iron (NPI) prices in China slid from an all-time high in the week to Friday November 5 in tandem with movements on exchanges, though tight supply amid power cuts in the country kept them supported.

Fastmarkets' price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was at 1,490-1,510 yuan ($233-236) per nickel unit last Friday, narrowing downward by 10 yuan per nickel unit from 1,490-1,520 yuan per nickel unit a week earlier.
Prices had trended upward for more than a month to reach their highest on October 22 amid robust demand from the downstream stainless steel market.

But price decreases for nickel on...

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