Nickel Market Report January 2017

Content
Introduction
1. Industry news 1
1.1 Antam targets higher ferronickel production to 24,100t Ni in 2017 1
1.2 Chengde North Sea signs annual agreement with Philippine CNC 1
2 Company news 1
2.1 Anhui Aland halts ternary precursor production 1
2.2 Guangdong Guanghua plans to resume full production for nickel sulfate after the Spring Festival holiday 1
3. Domestic market review 2
3.1 Nickel cathode prices down 2
3.2 Ferronickel prices down 3
3.3 Electroplating grade nickel sulfate prices up slightly 3
2.4 Lateritic nickel ore prices relatively stable in Chinese ports 4
3 International market reviews 5
3.1 LME nickel prices down 5
3.2 Philippine lateritic nickel ore prices relatively stable 5
4. Production and stocks data 6
4.1 China’s nickel cathode output up by 4% MOM in January 2017 6
4.2 China’s nickel sulfate output down by 12% in January 2017 MOM 6
5 Import data analysis 7
5.1 China’s refined nickel imports up by 20.6% MOM in December 7
5.2 China’s ferronickel imports down by 17.2% MOM in December 2016 8
5.3 China’s imports for intermediate products of hydrometallurgical nickel up by 54% MOM in December 2016 9
5.4 China’s lateritic nickel ore imports down by 35.5% in December 2016 10
6 Market outlook 10
6.1 Nickel cathode 10
6.2 Ferronickel 11
6.3 Nickel salt 11
6.4 Lateritic nickel ore 11







Graph content

Graph 1 Jinchuan nickel cathode price in the Chinese spot market from December 2016 to January 2017 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from December 2016 to January 2017 (RMB/t) 2
Graph 3 Inco nickel prices in the Chinese spot market from December 2016 to January 2017(RMB/t) 3
Graph 4 Chinese ferronickel 10%min prices from December 2016 to January 2017 (RMB/mtu, ex works) 3
Graph 5 Chinese ferronickel 1.5% prices from December 2016 to January 2017(RMB/t, ex works) 3
Graph 6 Chinese battery grade nickel sulfate prices from December 2016 to January 2017(RMB/t) 4
Graph 7 Chinese NCM 523 precursor prices from December 2016 to January 2017(RMB/t) 4
Graph 8 Chinese electroplating grade nickel sulfate prices from December 2016 to January 2017 (RMB/t) 4
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from December 2016 to January 2017 (RMB/t) 5
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from December 2016 to January 2017 (RMB/t) 5
Graph 11 LME nickel prices from December 2016 to January 2017(USD/t) 5
Graph 12 Stocks for LME nickel from December 2016 to January 2017 (t) 5
Graph 13 Prices for Philippine origin lateritic nickel ore 1.5% on CIF China basis from December 2016 to January 2017(USD/t) 6
Graph 14 Prices for Philippine origin lateritic nickel ore 1.8% on CIF China basis from December 2016 to January 2017 (USD/t) 6
Graph 15 China’s nickel cathode output from January 2016 to January 2017 by month (t) 6
Graph 16 China’s nickel sulfate output from January 2016 to January 2017 by month (t) 6
Graph 17 China’s refined nickel imports from January 2015 to December 2016 by month (t) 7
Graph 18 China’s imports for refined nickel from January 2015 to December 2016 by month and origin countries (t) 7
Graph 19 China’s ferronickel imports from January 2015 to December 2016 by month (10kt) 8
Graph 20 China’s ferronickel imports from January 2015 to December 2016 by month and origin countries (10kt) 8
Graph 21 China’s imports for intermediate products of hydrometallurgical nickel from January 2015 to December 2016 (t) 9
Graph 22 China’s imports for intermediate products of hydrometallurgical nickel from January 2015 to December 2016 by origin countries (10kt) 9
Graph 23 China’s imports for lateritic nickel ore from January 2015 to December 2016 (10kt) 10

Table content

Table 1 China’s imports for refined nickel in December 2016 8
Table 2 China’s imports for ferronickel in December 2016 9
Table 3 China’s imports for lateritic nickel ore in December 2016 10

.Asian Metal Copyright1 LME nickel prices down 5 3Asian Metal Copyright