Nickel Market Report August 2016

Content
Abstract 2
1 Company news 2
1.1 Jien Nickel plans to make equipment maintenance in late Sep 2
1.2 Wanning New Material stops purchasing ternary precursor 2
1.3 Zhongtai Ferronickel resumes production 2
2 Domestic market review 2
2.1. Nickel cathode prices fluctuate upwards 2
2.2 Ferronickel prices move up substantially 3
2.3 Nickel sulfate prices falsely high 3
2.4 Lateritic nickel ore prices up in ports of China 4
3 International market review 5
3.1 LME nickel prices down slightly 5
3.2 Prices for Philippines origin lateritic nickel ore up further 5
4 Production and stocks data 5
4.1 China’s nickel cathodes output down by 3% MOM in Aug 5
4.2 China’s ferronickel output down by 3% MOM in August 6
4.3 Chinese nickel sulfate output up by 49.8% YOY in August 7
4.3 Chinese stocks of lateritic nickel ore up by 4.5% MOM in late August 7
5 Import data analysis 8
5.1 Chinese refined nickel and alloy imports down by 25% MOM in July 8
5.2 China’s ferronickel imports up by 17.3% MOM in July 9
5.3 China’s imports for lateritic nickel ore down by 6.7% MOM in July 10
5.4 China’s imports for intermediate products of hydrometallurgical nickel down by 10.8% MOM in July 11
6 Market outlook 12
6.1 Nickel cathode 12
6.2 Ferronickel 12
6.3 Nickel salt 12
6.4 Lateritic nickel ore 12

Graph content
Graph 1 Jinchuan nickel cathode price in the spot market from July to August 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from July to August 3
Graph 3 Inco nickel prices in the Chinese spot market from July to August 3
Graph 4 Chinese ferronickel 10%min prices from July to August 3
Graph 5 Chinese ferronickel 1.5% prices from July to August 3
Graph 6 Chinese battery grade nickel sulfate prices from July to August 4
Graph 7 Chinese NCM 523 precursor prices from July to August 4
Graph 8 Chinese electroplating grade nickel sulfate prices from July to August 4
Graph 9 Chinese lateritic nickel ore 1.8% prices in ports from July to August 4
Graph 10 Prices for lateritic nickel ore, Ni 1.5%, in ports of China from July to August 4
Graph 11 LME nickel prices from July to August 5
Graph 12 Stocks for LME nickel from July to August 5
Graph 13 Prices for Philippines origin lateritic nickel ore 1.8% on CIF China basis from June to July 5
Graph 14 CIF prices for Philippines origin lateritic nickel ore 1.8% from July to August 5
Graph 15 China’s nickel cathode output from Jan. 2015 to Aug. 2016 by month 6
Graph 16 China’s ferronickel output from Jan. 2015 to Aug. 2016 by month 6
Graph 17 China’s ferronickel output from Jan. 2015 to Aug. 2016 by province and month 6
Graph 18 Monthly output for Chinese nickel sulfate from Jan. 2015 to Aug. 2016 7
Graph 19 Stocks for lateritic nickel ore in China from Jan. 2015 to Aug. 2016 by month 7
Graph 20 Stocks of lateritic nickel ore in China from Jan. 2015 to Aug. 2016 by category 8
Graph 21 Monthly imports for refined nickel in China from Jan. 2015 to July 2016 8
Graph 22 Monthly imports of refined nickel in China by country from Jan. 2015 to July 2016 8
Graph 23 China’s ferronickel imports by month from Jan. 2015 to July 2016 9
Graph 24 China’s ferronickel imports from different countries by month from Jan. 2015 to July 2016 10
Graph 25 Imports for lateritic nickel ore in China from Jan. 2016 to July 2016 10
Graph 26 China’s monthly imports for lateritic nickel ore from the Philippines from Jan. 2015 to July 2016 10
Graph 27 China’s imports for intermediate products of hydrometallurgical nickel by month from Jan 2015 to Jul 2016 11
Graph 28 China’s imports for intermediate products of hydrometallurgical nickel by country from Jan 2015 to Jul 2016 12

Table Content
Table 1 statistics from Asian Metal for outputs of precursor 7
Table 2 Imports of refined nickel during July in China 9
Table 3 Top ten Chinese importers for ferronickel in July 2016 9
Table 4 China’s lateritic nickel ore imports in July 2016 11
Table 5 Top ten Chinese importers for lateritic nickel ore in July 11
.Asian Metal Copyright2 Ferronickel 12 6Asian Metal Copyright