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 Feb 2019

2019-03-15 15:03:52   【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

As LME nickel prices rose during the Spring Festival, small and medium-sized traders felt bullish on the outlook and purchased actively after the holiday. Meanwhile, USD dollar continued to depreciate.Asian Metal Copyright Affected by the sharp price drop of cobalt metal and cobalt sulfate after the Spring Festival, NCM precursor prices continued to drop and downstream consumers took a watch-and-see attitude and purchased by orders.Asian Metal Copyright Therefore, LME prices rose and nickel cathode prices also rose in Chinese market.Asian Metal Copyright Market Highlights As LME nickel prices rose during the Spring Festival, small and medium-sized traders felt bullish on the outlook and purchased actively after the holiday.Asian Metal Copyright At the same period, downstream steel producers began to purchase ferronickel in large quantities right after the festival as they increased their output of stainless steels.Asian Metal Copyright Affected by the sharp price drop of cobalt metal and cobalt sulfate after the Spring Festival, NCM precursor prices continued to drop and downstream consumers took a watch-and-see attitude and purchased by orders.Asian Metal Copyright But as high grade ferronickel supply was tight, the price of the material rose sharply.

This month, in the power industry, battery grade nickel sulfate prices rose continually due to rising price of nickel cathode and the tight supply of nickel sulfate in Chinese market. Affected by the sharp price drop of cobalt metal and cobalt sulfate after the Spring Festival, NCM precursor prices continued to drop and downstream consumers took a watch-and-see attitude and purchased by orders.

.Asian Metal Copyright But as high grade ferronickel supply was tight, the price of the material rose sharply.Asian Metal Copyright