Monthly Nickel Market Report Mar 2018

Contents

Abstract 2
1 Company news 2
1.1 Shanwei Group resumes ferronickel production 2
1.2 Xinheli Metallurgical to delay resuming ferronickel production 2
1.3 Funing Ferronickel Technology halts ferronickel production 2
2 Chinese market review 2
2.1 Prices for nickel cathodes move down 2
2.2 High grade Ferronickel prices goes down while low grade ferronickel price moves up 3
2.3 Prices for nickel sulfate up first then down 4
2.4 Spot lateritic nickel ore price goes up 4
3 International market review 5
3.1 LME nickel prices goes down 5
3.2 Prices for Philippine lateritic nickel ore moves down 5
4 Production and stocks data 6
4.1 Chinese nickel cathode output up by 9.1% MOM in March 6
4.2 Chinese ferronickel output up by 19.4% MOM in March 6
4.3 Chinese nickel sulfate output up by 15.3% MOM in March 7
4.4 Chinese ferronickel smelter lateritic nickel ore stock down by 0.7% MOM in March 7
5 Analysis on Import and export data 8
5.1 China's refined nickel and nickel alloy imports down by 42.5% MOM in February 8
5.2 China's ferronickel imports up by 52.6% MOM in February 9
5.3 Chinese lateritic nickel ore imports down by 26.3% MOM in February 10
5.4 China's nickel hydrometallurgy intermediates imports up by 39.4% MOM in February 12
6 Market outlook 13
6.1 Nickel cathode 13
6.2 Ferronickel 13
6.3 Nickel sulfate 13
6.4 Lateritic nickel ore 13


GRAPHS

Graph 1 Jinchuan nickel cathode price in the Chinese spot market from Feb to Mar 2018 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from Feb to Mar 2018 (RMB/t) 3
Graph 3 Inco nickel prices in the Chinese spot market from Feb to Mar 2018 (RMB/t) 3
Graph 4 Delivered-to-plants prices for Chinese ferronickel 10%min from Feb to Mar 2018 (RMB/mtu) 3
Graph 5 Chinese ferronickel 1.5% EXW prices from Feb to Mar 2018 (RMB/t) 3
Graph 6 Chinese battery grade nickel sulfate prices F Jan to Feb 2018 (RMB/t) 4
Graph 7 Chinese NCM 523 precursor prices from Feb to Mar 2018 (RMB/t) 4
Graph 8 Chinese electroplating grade nickel sulfate prices from Feb to Mar 2018 (RMB/t) 4
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from Feb to Mar 2018 (RMB/t) 4
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from Feb to Mar 2018 (RMB/t) 4
Graph 11 LME nickel prices from Feb to Mar 2018 (USD/t) 5
Graph 12 Stocks for LME nickel from Feb to Mar 2018 (t) 5
Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1.5% in China from Feb to Mar 2018 (USD/t) 5
Graph 14 CIF Prices for Philippine origin lateritic nickel ore 1.8% in China from Feb to Mar 2018 (USD/t) 5
Graph 15 Lateritic nickel ore stocks in China from Jan 2017 to Mar 2018 (kt) 7
Graph 16 China's monthly imports for refined nickel from Jan 2017 to Feb 2018 (t) 8
Graph 17 China's monthly imports for refined nickel by country from Jan 2017 to Feb 2018 (t) 8
Graph 18 China's monthly imports for Philippines origin lateritic nickel ore from Jan 2017 to Feb 2018 (10kt) 10
Graph 19 China's monthly imports for nickel hydrometallurgy intermediates from Jan 2017 to Feb 2018 (t) 12

Tables

Table 1 China's NCM precursor outputs by province (t) 7
Table 2 China's refined nickel imports in Feb 8
Table 3 China's top 10 importers for refined nickel in Feb 9
Table 4 China's imports for ferronickel in February 2017 9
Table 5 China's top 5 ferronickel importers in Feb 10
Table 6 China's imports for nickel ore in Feb 11
Table 7 China's top 10 importers for nickel ore in Feb 11
Table 8 Top five Chinese importers of nickel hydrometallurgy intermediates in Feb 12









.Asian Metal Copyright3 Funing Ferronickel Technology halts ferronickel production 2 2 Chinese market review 2 2Asian Metal Copyright