Tisco lowers high-grade NPI price on weaker nickel price, increased NPI supply

Taiyuan Iron & Steel Co (Tisco) lowered its high-grade nickel pig iron (NPI) bid price for June to 735-745 yuan ($111.64-113.16) per nickel unit on Monday May 30, an official at the stainless steel mill told Metal Bulletin.

Tisco released three prices for different suppliers with different supply quantities. The bid prices are on a cash basis, including delivery. For a NPI producer who can supply more than 5,000 tonnes but less than 8,000 tonnes, the purchase price is 735 yuan per tonne. The bid price is 740 yuan per tonne for a NPI producer who can supply more than 8,000 tonnes but less than 10,000 tonnes in the month. The final supply quantity is over 10,000 tonnes of NPI in June, with a purchase price of 745 yuan per tonne. Overall, Tisco’s June figure is 20 yuan lower than...

Published

Ellie Wang

June 01, 2016

10:03 GMT

Shanghai

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