China NPI low-end price falls below 1,000 yuan per nickel unit for first time in 3 years

Chinese nickel pig iron (NPI) price fell below 1,000 yuan per nickel unit at the low end of the range for the first time since August on Friday November 17, with low stainless steel prices in China continuing to weigh on oversupplied raw materials prices, sources told Fastmarkets.

Fastmarkets’ weekly price assessments for nickel pig iron, high-grade, NPI content 10-15%, spot, ddp China and nickel pig iron, high-grade NPI content 10-15%, contract, ddp China were both 990-1,020 yuan...

Published

Dylan Duan

November 20, 2023

12:03 GMT