Chinese steel mills raise NPI purchase prices for February

Posted on January 27, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Chinese stainless steel mills have started purchasing nickel pig iron for February, with many steelmakers raising their prices compared with January levels.

The latest purchase prices for high grade NPI (Ni content 10-15%) from major domestic stainless steel mills are in a range of 980-1,010 yuan ($160-165) per nickel unit, including delivery and all payment in cash, up 10 yuan from the level in January. “NPI supply has not been abundant recently as output is decreasing in Inner Mongolia and Shandong on environment problems.