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High-grade NPI price inches up on tight supply

iconJul 27, 2018 16:46
Source:SMM
A cargo of high-grade nickel pig iron (NPI) was heard traded at 1,100 yuan/mtu delivered to mill this week

SHANGHAI, Jul 27 (SMM) – A cargo of high-grade nickel pig iron (NPI) was heard traded at 1,100 yuan/mtu delivered to mill, SMM learned.

Bought by a stainless steel mill in east China, the cargo was concluded 20 yuan/mtu higher than a week ago due to tighter spot materials and higher nickel prices.

 

Market commentary
nickel pig iron
NPI
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