8th World Antimony Forum
TBD
Guiyang, Guizhou, China
12th Rare Earth Summit
TBD
Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
TBD
Hangzhou, Zhejiang, China
9th Magnesium Summit
TBD
Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
TBD
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
Monthly Nickel Market Report Jun 2019
2019-07-17 12:06:15 【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
Nickel cathode prices rose this month driven by most market participants' refilling stocks of Shanghai-based nickel and LME nickel, as they were in anticipation of lower reserve requirements and interest rate cuts in the domestic futures market, as well as trade expectations between China and the US. But the spot market saw few transactions due to the soft demand of completed stainless steel product market and the slow consumption of stocks, as well as the wait-and-see attitudes of stainless steel plants toward the nickel cathode market. Affected by the low price of stainless steel prices, downstream stainless steel plants were bearish on the ferronickel and only purchased on the rigid demand, leading to sluggish transactions on ferronickel market.
On battery market, demand for battery grade nickel sulfate was weak with prices of the material decreasing. Reasons are as follows: The transition period of new energy subsidies recession will come to the end this month; downstream demand for precursor was low, and the market transactions were limited; most NCM precursor producers still held certain battery grade nickel sulfate stocks.
Demand for nickel cathode and electroplating grade nickel sulfate declined as the electroplating market entered the off-season and environmental protection inspection was strict.
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Nickel cathode prices rose this month driven by most market participants' refilling stocks of Shanghai-based nickel and LME nickel, as they were in anticipation of lower reserve requirements and interest rate cuts in the domestic futures market, as well as trade expectations between China and the US. But the spot market saw few transactions due to the soft demand of completed stainless steel product market and the slow consumption of stocks, as well as the wait-and-see attitudes of stainless steel plants toward the nickel cathode market. Affected by the low price of stainless steel prices, downstream stainless steel plants were bearish on the ferronickel and only purchased on the rigid demand, leading to sluggish transactions on ferronickel market.
On battery market, demand for battery grade nickel sulfate was weak with prices of the material decreasing. Reasons are as follows: The transition period of new energy subsidies recession will come to the end this month; downstream demand for precursor was low, and the market transactions were limited; most NCM precursor producers still held certain battery grade nickel sulfate stocks.
Demand for nickel cathode and electroplating grade nickel sulfate declined as the electroplating market entered the off-season and environmental protection inspection was strict.
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