Chinese NPI prices continue to slide on increased supplies from Indonesia

The decline in China’s nickel pig iron (NPI) prices continued for a fourth consecutive week on Friday March 10, with units from Indonesia boosting supplies and prices falling to their lowest levels since September 2, 2022.

Two deals heard were reported at 1,250 yuan per nickel unit and 1,280 per nickel unit, respectively, for Indonesian units, indicating a lower NPI market and a more bearish outlook,...

Published

Dylan Duan

March 13, 2023

15:22 GMT