12th Rare Earth Summit
May 27-28, 2021
Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
May 20-21, 2021
Hangzhou, Zhejiang, China
9th Magnesium Summit
April 15-16, 2021
Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
March 25-26, 2021
Hangzhou, Zhejiang, China
7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
6th World Manganese & Selenium Forum
May 21-22, 2018
Hainan Sanya, China
Monthly Nickel Market Report Jan 2019
2019-02-14 18:04:43 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
In early January 2019, nickel cathode prices in the Chinese market declined to the lowest level in 2018. After the New Year's Day, downstream stainless steel mills started to refill stocks for the Spring Festival. Meanwhile, LME nickel stocks declined to the lowest level over the past years and LME nickel prices went up continuously, stimulating prices for Chinese brands of nickel cathode and Norilsk nickel cathode to increase in the Chinese market. By late January, downstream stainless steel mills continued to make replenishments for nickel cathode. In addition, the supply of high grade ferronickel was tight. Although downstream stainless steel mills kept purchasing, there were still some downstream consumers who held limited stocks. Against the backdrop of increased prices for nickel cathode, ferronickel prices rose in January.
In early January, most downstream NCM precursor producers finished refilling stocks for the Spring Festival holiday and only several consumers kept purchasing in late January. However, as Chinese battery grade nickel cathode spot market saw tight supply, prices for battery grade nickel sulfate rose after mid-January.
.
In early January 2019, nickel cathode prices in the Chinese market declined to the lowest level in 2018. After the New Year's Day, downstream stainless steel mills started to refill stocks for the Spring Festival. Meanwhile, LME nickel stocks declined to the lowest level over the past years and LME nickel prices went up continuously, stimulating prices for Chinese brands of nickel cathode and Norilsk nickel cathode to increase in the Chinese market. By late January, downstream stainless steel mills continued to make replenishments for nickel cathode. In addition, the supply of high grade ferronickel was tight. Although downstream stainless steel mills kept purchasing, there were still some downstream consumers who held limited stocks. Against the backdrop of increased prices for nickel cathode, ferronickel prices rose in January.
In early January, most downstream NCM precursor producers finished refilling stocks for the Spring Festival holiday and only several consumers kept purchasing in late January. However, as Chinese battery grade nickel cathode spot market saw tight supply, prices for battery grade nickel sulfate rose after mid-January.
.