Chinese NPI prices down after six weeks of gains

A weak stainless steel market pressured China's nickel pig iron (NPI) prices downward in the week to Friday September 1, snapping a six-week streak of increases, sources told Fastmarkets.

Liquidity thinned and the market was largely in a standstill amid a widening bid-ask range, sources added.

Offers held mostly stable at 1,200 yuan ($166) per nickel unit, while the...


Dylan Duan

September 04, 2023

08:52 GMT