China’s NPI prices continue to decline due to unchanged fundamentals

The decline in China’s NPI prices extended to a fifth straight week on Friday March 17, with supply still outstripping demand from the stainless-steel sector, leading to losses for the vast majority of domestic NPI makers, sources told Fastmarkets.

Two deals were reported at 1,200 yuan ($174) per nickel unit, and another was reported at 1,240 yuan per nickel unit. The three deals indicated lower prices for NPI, well...


Dylan Duan

March 20, 2023

09:34 GMT