Monthly Nickel Market Report Apr 2020
2020-05-09 19:47:11 【Print】
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1. Market Highlights 4
2. Economy and Policy 4
2.1 Chinese economy and policy 4
2.1.1 Lianyungang Customs returns 188.6 tons of solid waste prohibited by the state 4
2.2.1 Russia to shut all border crossings to combat outbreak 4
2.2.2 Russia's nickel exports down YOY in Jan 2020 4
2.2.3 Provincial government extends entry ban to Surigao Del Norte 4
2.2.4 Philippines' nickel mining hub to suspend operations due to coronavirus 4
2.2.5 Japanese PM declares nationwide state of emergency 5
2.2.6 Indonesia issues rules putting floor price on nickel ore 5
2.2.7 Philippines lowers import, export growth targets 5
2.2.8 Russia to be in holiday next week 5
2.2.8 Philippine nickel miners to restart coronavirus-shuttered sites 5
2.2.9 Indonesia rejects miners' proposal to end nickel ore export ban 5
3. Chinese Market Movements 6
3.1 Chinese Market Movements 6
3.1.1Chinese nickel cathode prices up 6
3.1.2 Battery grade nickel sulfate prices up while electroplating grade nickel sulfate down 6
3.1.3 Lateritic nickel ore prices up 7
3.1.4 Ferronickel prices up 7
3.2 International Market Movements 8
3.2.1 LME nickel prices up 8
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 9
4.1 Chinese nickel cathode output up by 10.3% YOY in Apr 9
4.2 China's nickel cathode output down by 29.5% MOM in Apr 10
4.3 China's ferronickel output down by 35.6% YOY in Apr 10
5. Review on company news 11
5.1 China's imported refined nickel volume down by 35.3% YOY in Mar 2020 11
5.2 China's imports of ferronickel increase by 236.5% YOY in Mar 2020 12
5.3 Import volume of Chinese lateritic nickel ore down by 41.3% YOY in Mar 2020 13
5.4 China's nickel hydrometallurgy intermediates imports down by 9.0% YOY in Mar 2020 13
6. Review on company news 14
6.1Overseas news 14
6.1.1 Panoramic Resources maintains FY20 production guidance amid COVID-19 pandemic 14
6.1.2 American Manganese reports 99.99% pure Ni-Co sulfate product from recycling tests 14
6.1.3 Worker at Nornickel's vessel tested positive for coronavirus 14
6.1.4 Nickel Asia halts ore mining, exports due to anti-Covid 19 measures 15
6.1.5 Vale extends care and maintenance at Voisey's Bay 15
6.1.6 Glencore weighs options to restart Quebec mines 15
6.1.7 Vale slashes 2020 output forecasts due to COVID-19 15
6.1.8 Vale Indonesia's Q1 nickel matte output up by 35% YOY 15
6.1.9 Conic Metals releases Q1 production results at Ramu Nickel-Cobalt operation 15
6.1.10 Nornickel sees downside risk to 2020 sales volumes 15
6.1.11 WBMS : Global nickel market records surplus of 20.1kt in Jan-Feb 2020 16
6.1.12 NQ Minerals announces significantly expanded nickel resource in Tasmania 16
6.1.13 Anglo American's nickel production increases by 11% in Q1 2020 16
6.1.14 INSG: Global nickel market surplus declines in February 16
6.1.15 Neometals announces a 60% increase in Armstrong mineral resource 16
6.1.16 Eramet's nickel ore output up by 5% YOY in Q1 16
6.1.17 Nickel Mines: RKEF projects deliver record nickel production of 11,291t in Q1 16
6.1.18 Vale Indonesia's nickel output drop in Q1 after export ban 16
6.2 Domestic news 16
6.2.1 Huayou Cobalt's subsidiary company inks two sales contracts of over 90,000t of precursor 16
6.2.2 Shanghai Baoye Group wins bidding of Indonesia OBI Ferronickel Project (Section one) 17
6.2.3 Jiana Energy to build precursor and cobalt product project in Yingde city 17
6.2.4 China ENFI signs two new supply contracts related to RKEF ferronickel smelting projects 17
6.2.5 MCC Ruimu New Energy reduces battery grade nickel sulfate production 17
6.2.6 GEM signs cooperation MOU with South Korean company on high-nickel precursor material project 17
6.2.7 Shanghai Baoye finishes non destructive testing on Indonesia OBI Nickel Cobalt Smelting Plant 17
6.2.8 Jilin Jien suspends production to overhaul electroplating grade nickel sulfate equipment 17
6.2.9 Liuzhou Steel Zhongjin Stainless Steel's ferronickel smelting project fully resumed 18
6.2.10 China's ferronickel imports climb more than twice YOY in Mar 18
6.2.11 Shenzhen Dinghongsheng plans to stop producing electroplating grade nickel sulfate 18
7. Market Outlook for Next Month 18
7.1 NCM and power battery market 18
7.2 Stainless steel market 18
8. Market Outlook for Next Month 19
2. Economy and Policy 4
2.1 Chinese economy and policy 4
2.1.1 Lianyungang Customs returns 188.6 tons of solid waste prohibited by the state 4
2.2.1 Russia to shut all border crossings to combat outbreak 4
2.2.2 Russia's nickel exports down YOY in Jan 2020 4
2.2.3 Provincial government extends entry ban to Surigao Del Norte 4
2.2.4 Philippines' nickel mining hub to suspend operations due to coronavirus 4
2.2.5 Japanese PM declares nationwide state of emergency 5
2.2.6 Indonesia issues rules putting floor price on nickel ore 5
2.2.7 Philippines lowers import, export growth targets 5
2.2.8 Russia to be in holiday next week 5
2.2.8 Philippine nickel miners to restart coronavirus-shuttered sites 5
2.2.9 Indonesia rejects miners' proposal to end nickel ore export ban 5
3. Chinese Market Movements 6
3.1 Chinese Market Movements 6
3.1.1Chinese nickel cathode prices up 6
3.1.2 Battery grade nickel sulfate prices up while electroplating grade nickel sulfate down 6
3.1.3 Lateritic nickel ore prices up 7
3.1.4 Ferronickel prices up 7
3.2 International Market Movements 8
3.2.1 LME nickel prices up 8
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 9
4.1 Chinese nickel cathode output up by 10.3% YOY in Apr 9
4.2 China's nickel cathode output down by 29.5% MOM in Apr 10
4.3 China's ferronickel output down by 35.6% YOY in Apr 10
5. Review on company news 11
5.1 China's imported refined nickel volume down by 35.3% YOY in Mar 2020 11
5.2 China's imports of ferronickel increase by 236.5% YOY in Mar 2020 12
5.3 Import volume of Chinese lateritic nickel ore down by 41.3% YOY in Mar 2020 13
5.4 China's nickel hydrometallurgy intermediates imports down by 9.0% YOY in Mar 2020 13
6. Review on company news 14
6.1Overseas news 14
6.1.1 Panoramic Resources maintains FY20 production guidance amid COVID-19 pandemic 14
6.1.2 American Manganese reports 99.99% pure Ni-Co sulfate product from recycling tests 14
6.1.3 Worker at Nornickel's vessel tested positive for coronavirus 14
6.1.4 Nickel Asia halts ore mining, exports due to anti-Covid 19 measures 15
6.1.5 Vale extends care and maintenance at Voisey's Bay 15
6.1.6 Glencore weighs options to restart Quebec mines 15
6.1.7 Vale slashes 2020 output forecasts due to COVID-19 15
6.1.8 Vale Indonesia's Q1 nickel matte output up by 35% YOY 15
6.1.9 Conic Metals releases Q1 production results at Ramu Nickel-Cobalt operation 15
6.1.10 Nornickel sees downside risk to 2020 sales volumes 15
6.1.11 WBMS : Global nickel market records surplus of 20.1kt in Jan-Feb 2020 16
6.1.12 NQ Minerals announces significantly expanded nickel resource in Tasmania 16
6.1.13 Anglo American's nickel production increases by 11% in Q1 2020 16
6.1.14 INSG: Global nickel market surplus declines in February 16
6.1.15 Neometals announces a 60% increase in Armstrong mineral resource 16
6.1.16 Eramet's nickel ore output up by 5% YOY in Q1 16
6.1.17 Nickel Mines: RKEF projects deliver record nickel production of 11,291t in Q1 16
6.1.18 Vale Indonesia's nickel output drop in Q1 after export ban 16
6.2 Domestic news 16
6.2.1 Huayou Cobalt's subsidiary company inks two sales contracts of over 90,000t of precursor 16
6.2.2 Shanghai Baoye Group wins bidding of Indonesia OBI Ferronickel Project (Section one) 17
6.2.3 Jiana Energy to build precursor and cobalt product project in Yingde city 17
6.2.4 China ENFI signs two new supply contracts related to RKEF ferronickel smelting projects 17
6.2.5 MCC Ruimu New Energy reduces battery grade nickel sulfate production 17
6.2.6 GEM signs cooperation MOU with South Korean company on high-nickel precursor material project 17
6.2.7 Shanghai Baoye finishes non destructive testing on Indonesia OBI Nickel Cobalt Smelting Plant 17
6.2.8 Jilin Jien suspends production to overhaul electroplating grade nickel sulfate equipment 17
6.2.9 Liuzhou Steel Zhongjin Stainless Steel's ferronickel smelting project fully resumed 18
6.2.10 China's ferronickel imports climb more than twice YOY in Mar 18
6.2.11 Shenzhen Dinghongsheng plans to stop producing electroplating grade nickel sulfate 18
7. Market Outlook for Next Month 18
7.1 NCM and power battery market 18
7.2 Stainless steel market 18
8. Market Outlook for Next Month 19
