Nickel Market Report April 2017

Content
ABSTRACT 3
1 COMPANY NEWS 3
JIANGDU XINMA MOULDING DECREASES FERRONICKEL OUTPUT 3
2.1 NICKEL CATHODE PRICES CONTINUOUSLY DOWN 2
2.2 FERRONICKEL PRICES DOWN SHARPLY 2
2.3 PRICES FOR NICKEL SULFATE DOWN SUBSTANTIALLY 3
2.4 PRICES FOR LATERITIC NICKEL ORE UP FIRST THEN DOWN IN PORTS OF CHINA 4
3 INTERNATIONAL MARKET REVIEW 4
3.1 LME TIN PRICES DOWN SHARPLY 4
3.2 PHILIPPINE LATERITIC NICKEL ORE PRICES DOWN CONTINUALLY 5
4 OUTPUTS AND STOCKS DATA 5
4.1 CHINESE NICKEL CATHODE OUTPUT DOWN BY 1.2% MOM IN APRIL 5
4.2 CHINA’S FERRONICKEL OUTPUT DOWN BY 19.8% MOM IN APRIL 6
4.3 CHINA’S NICKEL SULFATE OUTPUT UP BY 11.6% YOY IN APRIL 6
4.4 CHINA’S STOCKS FOR LATERITIC NICKEL ORE UP BY 21.6% MOM IN LATE APRIL 7
5 IMPORT AND EXPORT DATA 7
5.1 CHINA’S REFINED NICKEL AND NICKEL ALLOY IMPORTS DOWN BY 12.2% MOM IN MARCH 7
5.2 CHINA’S IMPORTS FOR FERRONICKEL UP BY 22.1% MOM IN MAR 2017 8
5.3 CHINESE LATERITIC NICKEL ORE IMPORTS DOWN BY 22.3% MOM IN MARCH 10
5.4 CHINA’S NICKEL HYDROMETALLURGY INTERMEDIATES IMPORTS UP BY 13.2% MOM IN MARCH 11
6 MARKET OUTLOOK 12
6.1 NICKEL CATHODES 12
6.2 FERRONICKEL 12
6.3 NICKEL SALT 12
6.4 LATERITIC NICKEL ORE 12









Graph content
GRAPH 1 JINCHUAN NICKEL CATHODE PRICES IN THE CHINESE SPOT MARKET FROM MAR TO APR 2017 (RMB/T) 2
GRAPH 2 NORILSK NICKEL CATHODE PRICES IN THE CHINESE SPOT MARKET FROM MAR TO APR 2017 (RMB/T) 2
GRAPH 3 INCO NICKEL PRICES IN THE CHINESE SPOT MARKET FROM MAR TO APR 2017(RMB/T) 2
GRAPH 4 CHINESE FERRONICKEL 10%MIN PRICES FROM MAR TO APR 2017 (RMB/MTU, DELIVERED TO PLANTS) 3
GRAPH 5 CHINESE FERRONICKEL 1.5% PRICES FROM MAR TO APR 2017(RMB/T, EX WORKS) 3
GRAPH 6 CHINESE BATTERY GRADE NICKEL SULFATE PRICES FROM MAR TO APR 2017(RMB/T) 3
GRAPH 7 CHINESE NCM 523 PRECURSOR PRICES FROM MAR TO APR 2017(RMB/T) 3
GRAPH 8 CHINESE ELECTROPLATING GRADE NICKEL SULFATE PRICES FROM MAR TO APR 2017(RMB/T) 3
GRAPH 9 CHINESE LATERITIC NICKEL ORE 1.8%MIN PRICES IN PORTS FROM MAR TO APR (RMB/T) 4
GRAPH 10 CHINESE LATERITIC NICKEL ORE 1.5%MIN IN PORTS FROM MAR TO APR 2017 (RMB/T) 4
GRAPH 11 LME NICKEL PRICES FROM MAR TO APR 2017(USD/T) 4
GRAPH 12 STOCKS FOR LME NICKEL FROM MAR TO APR 2017 (T) 5
GRAPH 13 PRICES FOR PHILIPPINE ORIGIN LATERITIC NICKEL ORE 1.5% FROM MAR TO APR 2017 (USD/T, CIF CHINA) 5
GRAPH 14 PRICES FOR PHILIPPINE ORIGIN LATERITIC NICKEL ORE 1.8% FROM MAR TO APR 2017 (USD/T, CIF CHINA) 5
GRAPH 15 CHINESE NICKEL CATHODE OUTPUT FROM JAN 2016 TO APR 2017 BY MONTH (T) 5
GRAPH 16 CHINA’S MONTHLY OUTPUT FOR FERRONICKEL FROM JAN 2016 TO APR 2017 (10KT) 6
GRAPH 17 CHINA’S MONTHLY OUTPUT FOR FERRONICKEL FROM JAN 2016 TO APR 2017 BY PROVINCES (10KT) 6
GRAPH 18 CHINA’S NICKEL SULFATE OUTPUT FROM JAN 2016 TO APR 2017 6
GRAPH 19 CHINA’S LATERITIC NICKEL ORE STOCKS FROM JAN 2016 TO APR 2017 BY MONTH (T) 7
GRAPH 20 CHINA’S MONTHLY IMPORTS OF REFINED NICKEL FROM JAN 2016 TO MAR 2017 (T) 7
GRAPH 21 CHINA’S MONTHLY IMPORTS FOR REFINED NICKEL BY COUNTRY FROM JAN 2016 TO MAR 2017 (T) 7
GRAPH 22 CHINA’S MONTHLY IMPORTS FOR FERRONICKEL FROM JAN 2016 TO MAR 2017 (10KT) 9
GRAPH 23 CHINA’S IMPORTS FOR FERRONICKEL FROM JAN 2016 TO MAR 2017 BY MONTH (T) 9
GRAPH 24 CHINA’S LATERITIC NICKEL ORE IMPORTS FROM JAN 2016 TO MAR 2017 (10KT) 10
GRAPH 25 IMPORTS OF PHILIPPINE-ORIGIN LATERITIC NICKEL ORE IN CHINA FROM JAN 2016 TO MAR 2017 (10KT) 10
GRAPH 26 CHINA’S MONTHLY IMPORTS OF NICKEL HYDROMETALLURGY INTERMEDIATES FROM JAN 2016 TO MAR 2017 (T) 11
GRAPH 27 CHINA’S MONTHLY IMPORTS FOR NICKEL HYDROMETALLURGY INTERMEDIATES BY COUNTRY FROM JAN 2016 TO MAR 2017 (T) 11








Table content
TABLE 1 CHINESE NCM PRECURSOR OUTPUTS BY REGION (UNIT: T) 7
TABLE 2 TABLE 2 CHINA’S IMPORTS FOR REFINED NICKEL IN FEB 2017 8
TABLE 3 ABLE 3 CHINA’S TOP 10 IMPORTERS FOR REFINED NICKEL IN MARCH 2017 8
TABLE 4 TABLE 4 CHINA’S IMPORTS FOR FERRONICKEL IN MAR 2017 9
TABLE 5 TABLE 5 CHINA’S TOP 5 IMPORTERS FOR FERRONICKEL IN MAR 2017 10
TABLE 6 TABLE 6 CHINA’S IMPORTS FOR NICKEL ORE IN MAR 2017 10
TABLE 7 TABLE 7 CHINA’S TOP 10 IMPORTERS FOR NICKEL ORE IN MARCH 2017 11
TABLE 8 TABLE 8 CHINA’S TOP 5 IMPORTERS FOR NICKEL HYDROMETALLURGY INTERMEDIATES IN MAR 2017 12

.Asian Metal Copyright1 NICKEL CATHODE PRICES CONTINUOUSLY DOWN 2 2Asian Metal Copyright