Chinese nickel pig iron prices robust

Posted on March 12, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Nickel pig iron prices in China moved up this week after stainless steel mills raised their purchase prices and producers withheld material as ore became more expensive.

High grade NPI (Ni 10-15%) was traded at 990-1,010 yuan ($161) per nickel unit in the local spot market on Tuesday March 11, up 10 yuan from a week ago. Zhangjiagang Pohang Stainless Steel and Xinan Stainless Steel have both increased their price of high-grade NPI by 10 yuan from previous level to 1,020 yuan and 1,040 yuan per nickel unit, respectively, sources in China told.