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    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.
    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.Asian Metal Copyright However, as Chinese battery grade nickel cathode spot market saw tight supply, prices for battery grade nickel sulfate rose after mid-January.Asian Metal Copyright 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.Asian Metal Copyright .Asian Metal Copyright By late January, downstream stainless steel mills continued to make replenishments for nickel cathode.Asian Metal Copyright1.Asian Metal Copyright In addition, the supply of high grade ferronickel was tight.Asian Metal Copyright After the New Year's Day, downstream stainless steel mills started to refill stocks for the Spring Festival.Asian Metal Copyright Although downstream stainless steel mills kept purchasing, there were still some downstream consumers who held limited stocks.Asian Metal Copyright 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.Asian Metal Copyright 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.


    .Asian Metal Copyright In early January, most downstream NCM precursor producers finished refilling stocks for the Spring Festival holiday and only several consumers kept purchasing in late JanuaryAsian Metal Copyright
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