Monthly Nickel Market Report Oct 2021

Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 NDRC issues notice on further deepening market-oriented reform of on-grid price of coal-fired power generation 3
2.2 Global Ferronickel to pursue steel mill project on its own 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright2 Norilsk nickel cathode 99.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright Producers Statistics 5 4.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright96%min EXW China 10 8.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright6 Ferronickel 1.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.Asian Metal Copyright6 Foshan Dali Cheride Auxiliary cuts nickel sulfate production 6 5.Asian Metal Copyright5 Philippine lateritic nickel ore 1.5%min prices in port China 4
3.1.Asian Metal Copyright8%min in port China 4 3.Asian Metal Copyright6 Philippine lateritic nickel ore 1.8%min in port China 4
3.1.7 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright8 Ferronickel 1.Asian Metal Copyright8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright2 Chinese nickel sulfate producers' data in Oct 7 5.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.Asian Metal Copyright Industry Movements 9 7.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Producers Statistics 5
4.1 Jien Nickel suspends nickel cathode production 5
4.2 Nantong Beixin cuts nickel sulfate production 5
4.3 Ningfeng Group reduces ferronickel output 5
4.4 Liancheng Nickel resumes ferronickel production 6
4.5 Estrella Resources discovers new massive nickel sulphide 6
4.6 Foshan Dali Cheride Auxiliary cuts nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' data in Oct 6
5.2 Chinese nickel sulfate producers' data in Oct 7
5.3 Chinese ferronickel producers' data in Oct 8
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume decreased 12.34% MoM in Sep 9
6.2 China's nickel sulphate import volume rose 525.43% 9
7. Industry Movements 9
7.1 NCM and power battery market 9
7.2 Stainless steel market 9
8. Market Outlook for Next Month 10
8.1 Nickel cathode 99.96%min EXW China 10
8.2 Norilsk nickel cathode 99.96%min in port China 10
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 10
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 10
8.5 Ferronickel 10%min EXW China 10
8.6 Ferronickel 1.5%min EXW China 10
8.7 Philippine lateritic nickel ore 1.5%min in port China 10
8.8 Philippine lateritic nickel ore 1.8%min in port China 10
8.9 Philippine lateritic nickel ore 1.5%min CIF China 10
8.10 Philippine lateritic nickel ore 1.8%min CIF China 10

.Asian Metal Copyright5%min EXW China 5 3Asian Metal Copyright