The price of nickel pig iron (NPI) in China is gaining upward momentum due to rising nickel prices and ore supply disruptions in the Philippines.
Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 920-940 yuan per nickel unit on Friday April 17, up by 3% or 27.50 yuan per tonne at the midpoint from 895-910 yuan per nickel unit a week prior. The price has now moved up for two consecutive assessments from 890-900 yuan per nickel unit at the beginning of April."Ore supply concerns from the Philippines are playing a...