Nickel Market Report Feb 2017

Content
Abstract 1
1 Company news 1
1.1 Tianjin Maolian begins to produce nickel cathodes 1
2 Domestic market review 1
2.1 Nickel cathode prices rise continuously 1
2.2 Ferronickel prices rebound 1
2.3 Nickel sulfate prices rise dramatically 2
2.4 Lateritic nickel ore prices rebound in ports 2
3 International market review 3
3.1 LME tin prices rebound 3
3.2 Philippine lateritic nickel ore prices pick up 3
4 Outputs and stocks data 4
4.1 Chinese nickel cathode outputs up by 1.5% MOM in Feb 2017 4
4.2 Chinese ferronickel outputs down by 13.7% MOM in Feb 2017 4
4.3 Chinese nickel sulfate outputs up by 13% MOM in Feb 2017 5
4.4 China’s lateritic nickel ore stocks up by 1.2% MOM in Feb 2017 5
5 Import and export data 5
5.1 China’s refined nickel and nickel alloy imports down by 41% MOM in Jan 2017 5
5.2 China’s ferronickel imports up by 22.1% MOM in Jan 2017 6
5.3 China’s lateritic nickel ore imports down by 41.9% MOM in Jan 2017 7
5.4 China’s nickel hydrometallurgy intermediates imports down by 48.5% MOM in Jan 2017 8
6 Market outlook 9
6.1 Nickel cathodes 9
6.2 Ferronickel 9
6.3 Nickel salt 9
6.4 Lateritic nickel ore 9


Graph 1 Jinchuan nickel cathode prices in the Chinese spot market from Jan to Feb 2017 (RMB/t) 1
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from Jan to Feb 2017 (RMB/t) 1
Graph 3 Inco nickel prices in the Chinese spot market from Jan to Feb 2017(RMB/t) 1
Graph 4 Chinese ferronickel 10%min prices from Jan to Feb 2017 (RMB/mtu, ex works) 2
Graph 5 Chinese ferronickel 1.5% prices from Jan to Feb 2017(RMB/t, ex works) 2
Graph 6 Chinese battery grade nickel sulfate prices from Jan to Feb 2017(RMB/t) 2
Graph 7 Chinese NCM 523 precursor prices from Jan to Feb 2017(RMB/t) 2
Graph 8 Chinese electroplating grade nickel sulfate prices from Jan to Feb 2017(RMB/t) 2
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from Jan to Feb 2017 (RMB/t) 3
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from Jan to Feb 2017 (RMB/t) 3
Graph 11 LME nickel prices from Jan to Feb 2017(USD/t) 3
Graph 12 Stocks for LME nickel from Jan to Feb 2017 (t) 3
Graph 13 Prices for Philippine origin lateritic nickel ore 1.5% on CIF China basis from Jan to Feb 2017 4
Graph 14 Prices for Philippine origin lateritic nickel ore 1.8% on CIF China basis from Jan to Feb 2017 4
Graph 15 Chinese nickel cathode outputs by month from Jan 2016 to Feb 2017 (t) 4
Graph 16 Chinese ferronickel outputs by month from Jan 2016 to Feb 2017 (10kt) 4
Graph 17 Chinese ferronickel outputs by region from Jan 2016 to Feb 2017 (kt) 4
Graph 18 Chinese nickel sulfate outputs by month from Jan 2016 to Feb 2017 (t) 5
Graph 19 China’s lateritic nickel ore outputs by month from Jan 2016 to Feb 2017 (t) 5
Graph 20 China’s refined nickel and nickel alloy imports by month from Jan 2016 to Feb 2017 (t) 6
Graph 21 China’s refined nickel and nickel alloy imports by origin country from Jan 2016 to Feb 2017 (t) 6
Graph 22 China’s ferronickel imports by month from Jan 2016 to Jan 2017 (10kt) 7
Graph 23 China’s ferronickel imports by origin from Jan 2016 to Jan 2017 (t) 7
Graph 24 China’s Lateritic nickel ore imports by month in China from Jan 2016 to Jan 2017 (kt) 7
Graph 25 Imports of Philippine-origin lateritic nickel ore in China from Jan 2016 to Jan 2017 (kt) 8
Graph 26 China’s nickel hydrometallurgy intermediates imports by month from Jan 2016 to Jan 2017 (t) 8
Graph 27 China’s nickel hydrometallurgy intermediates imports by origin country from Jan 2016 to Jan 2017 9

Table 1 Chinese ternary material precursor outputs be region 5
Table 2 China’s refined nickel imports in Jan 6
Table 3 Chinese top ten refined nickel importers in Jan 6
Table 4 China’s ferronickel imports in Jan 7
Table 5 Chinese top five ferronickel importers in Jan 7
Table 6 China’s nickel ore imports in Jan 8
Table 7 Chinese top ten nickel ore importers in Jan 8
Table 8 Chinese top five nickel hydrometallurgy intermediates importers in Jan 9

.Asian Metal Copyright1 LME tin prices rebound 3 3.Asian Metal Copyright