Monthly Nickel Market Report Aug 2023

Content

1. Market Highlights 4
2. Economy and Policy 4
2.1 Kyrgyzstan extends ban on metal scrap and waste by 6 months 4
2.2 Kazakhstan plans to extend scrap export ban by another 6 months 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.Asian Metal Copyright3 China's nickel sulphate import volume rose 155.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 4
3.1.Asian Metal Copyright3 Easpring Technology to build cathode material project in Europe 6 4.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 4
3.1.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.Asian Metal Copyright2 Norilsk nickel cathode 99.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.Asian Metal Copyright5 Chinese nickel sulfate producers' output down by 2.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright6 Ferronickel 1.Asian Metal Copyright1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2.Asian Metal Copyright23% YoY in Jul 2023 13 6.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Xinxin Mining to increase electrowinning nickel production 6
4.2 Changjiang Energy Technology to cut nickel sulfate output 6
4.3 Easpring Technology to build cathode material project in Europe 6
4.4 Miracle Golden Tiger decreases nickel sulfate production 6
4.5 Shunying Power Battery Material resumes nickel sulfate production 6
4.6 Grand Green Technology suspends nickel sulfate production 7
4.7 Beixin New Energy cuts nickel sulfate production 7
4.8 Changsheng Ni Cr Material to raise ferronickel output 7
4.9 Yantai Cash Industrial to cut electrowinning nickel output 7
4.10 Jutai New Material to cut nickel sulfate output 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 73.34% in Aug 7
5.2 Chinese refined nickel producers' production up by 8.36% MOM in Aug 7
5.3 Chinese refined nickel producers' stocks up by 14.84% MOM in Aug 8
5.4 Chinese nickel sulfate producers' operation rate posts 56.2% in Aug 8
5.5 Chinese nickel sulfate producers' output down by 2.51% MOM in Aug 8
5.6 Chinese nickel sulfate producers' inventory up by 20.4% MOM in Aug 9
5.7 Chinese ferronickel producers' operating rate reports 47.53% in Aug 9
5.8 Chinese ferronickel producers' output up by 1.59% MOM in Aug 9
5.9 Chinese ferronickel producers' stocks down by 13.57% MOM in Aug 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume increased 101.13% YoY in Jul 2023 10
6.2 China's refined nickel (Co＞0.Asian Metal Copyright4 China's refined nickel Co＞0.Asian Metal Copyright005%) import volume decreased 32.78% MoM in Jul 2023 11
6.3 China's nickel sulphate import volume rose 155.28% YoY in Jul 2023 12
6.4 China's refined nickel (Co＞0.Asian Metal Copyright7 Chinese ferronickel producers' operating rate reports 47.Asian Metal Copyright005%) export volume declined 77.23% YoY in Jul 2023 13
6.5 China's nickel concentrate import volume grew 14.88% YoY in Jul 2023 14
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 15
8. Market Outlook for Next Month 15
8.1 Nickel cathode 99.96%min EXW China 15
8.2 Norilsk nickel cathode 99.96%min in port China 15
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 15
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 15
8.5 Ferronickel 10%min EXW China 15
8.6 Ferronickel 1.5%min EXW China 15
8.7 Philippine lateritic nickel ore 1.3%min CIF China 15
8.8 Philippine lateritic nickel ore 1.8%min CIF China 15


.Asian Metal Copyright5 Shunying Power Battery Material resumes nickel sulfate production 6 4Asian Metal Copyright