Chinese NPI market flat amid production cuts; ore prices extend gains

China’s nickel pig iron (NPI) prices held steady in the week to Friday September 17 amid nationwide production cuts while those for nickel ore surged amid increased freight and tight supply.

Fastmarkets price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,430-1,450 yuan ($222-225) per nickel unit on Friday, unchanged from a week earlier.
Prices have been unchanged since September 3 after they rose to their highest in seven years.

“NPI prices are staying high and it is hard to say whether they will keep going up or not because the strict production cuts imposed on stainless steel mills and NPI producers all over China recently have brought a lot...

Published

Yingchi Yang

September 17, 2021

14:10 GMT

Shanghai