China's nickel pig iron (NPI) prices decreased in the week to Friday August 13 amid a tumbling stainless steel market, though the stable cost of ore upstream kept them from falling rapidly.
Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,380-1,420 yuan ($213-219) per nickel unit last Friday, down by 10 yuan per tonne from 1,390-1,430 yuan a week earlier.NPI prices had risen to their highest in seven years on July 30 but starting to fall as a...