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 May 2019
2019-06-14 21:43:59 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
As end market saw sluggish transactions, the inventory of stainless steel mills was consumed slowly. Then stainless steel mills reduced production slightly, leading to less demand for nickel cathode. Meanwhile, most downstream consumers took a wait-and-see attitude to nickel cathode market, with few deals concluded. During this month, prices for nickel cathode were stable basically. As for ferrotitanium market, it also saw limited transactions with prices decreasing affected by the same reason that downstream stainless steel plants held soft demand for the material and were bearish on the future market and also put off ferronickel purchases.
In battery market, demand for battery grade nickel sulfate decreased as downstream precursor producers increased their production of 5 series material while decreased that of 6 series and 8 series. Meanwhile, prices for battery grade nickel sulfate dropped as the output of the material was stable basically with sufficient supply from the suppliers.
In electroplating market, affected by the low demand from end market and the environmental inspection, electroplating plants in East and South China held low operating rates, leading to less consumption of electroplating grade nickel sulfate. Thus, prices for the material only edged down this month.
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As end market saw sluggish transactions, the inventory of stainless steel mills was consumed slowly. Then stainless steel mills reduced production slightly, leading to less demand for nickel cathode. Meanwhile, most downstream consumers took a wait-and-see attitude to nickel cathode market, with few deals concluded. During this month, prices for nickel cathode were stable basically. As for ferrotitanium market, it also saw limited transactions with prices decreasing affected by the same reason that downstream stainless steel plants held soft demand for the material and were bearish on the future market and also put off ferronickel purchases.
In battery market, demand for battery grade nickel sulfate decreased as downstream precursor producers increased their production of 5 series material while decreased that of 6 series and 8 series. Meanwhile, prices for battery grade nickel sulfate dropped as the output of the material was stable basically with sufficient supply from the suppliers.
In electroplating market, affected by the low demand from end market and the environmental inspection, electroplating plants in East and South China held low operating rates, leading to less consumption of electroplating grade nickel sulfate. Thus, prices for the material only edged down this month.
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