Monthly Nickel Market Report Aug 2019
2019-09-17 19:34:16 【Print】
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1. Market Highlights 4
2. Economy and Policy 4
2.1 Chinese economy and policy 4
2.1.1 China's manufacturing PMI edges down to 49.5% in Aug 4
2.1.2 MEE releases 40 key pollutant discharge units 4
2.1.3 SHFE still uncertain delivery time for nickel briquette 4
2.1.4 2nd round of central eco-environmental protection inspection investigates 130 persons in charge 4
2.1.5 Ministry of Commerce: New negative list of market access to be published in the near future 4
2.1.6 China to impose additional tariffs on U.S. goods worth USD75 billion 4
2.1.7 China restarts to impose tariffs on automobiles and automobile parts produced in the US 5
2.1.8 Jiangsu intends to promote a stricter differentiated electricity charge policy 5
2.2 International economy and policy 5
2.2.1 The US ISM manufacturing PMI for August worse than expected 5
2.2.2 U.S. to raise additional tariff on Chinese goods worth USD550 billion 5
2.2.3 Indonesian government signs bill to ban ore export in advance 5
3. Market Movements 6
3.1 Chinese Market Movements 6
3.1.1 Chinese nickel cathode prices down after up 6
3.1.2 Battery grade nickel sulfate prices down 6
3.1.3 Lateritic nickel ore prices up 7
3.1.4 Ferronickel market saw increasing prices 7
3.2 International Market 8
3.2.1 LME nickel prices up 8
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 9
4.1 AM Stats: China's nickel cathode output down by 16% MOM in Aug 9
4.2 AM Stats: China's nickel sulfate output down by 2.2% MOM in Aug 9
4.3 AM Stats: China's ferronickel output up by 85.6% YOY in Aug 10
5. Statistic Analysis of Import and Export 10
5.1 China's imported refined nickel volume up by 88.3% YOY in Jul 10
5.2 China's imports of ferronickel up by 133.2% YOY in Jul 11
5.3 Import volume of Chinese lateritic nickel ore up by 26.8% MOM in Jul 2019 12
5.4 China's nickel hydrometallurgy intermediates imports up sharply by 252.7% MOM in Jul 2019 13
6. Review on company news 13
6.1 Overseas news 13
6.1.1 Indonesia Jinchuan WP&RKA lateritic nickel project smelting line 3# goes into production 13
6.1.2 First Quantum Minerals plans restart of Ravensthorpe nickel mine 13
6.1.3 Sherritt reports higher nickel and cobalt production at Moa JV in Q2 2019 13
6.1.4 Norilsk Nickel's consolidated nickel output down by 4% QoQ in Q2 14
6.1.5 Antam's nickel ore output up by 27% YOY in H1 14
6.1.6 Sumitomo's Ambatovy nickel plant produces 9,000t in Apr-Jun 14
6.1.7 BHP to start nickel sulfate production for EVs in Q2 2020 14
6.1.8 Australia's Mincor Resources signs nickel supply deal with BHP 14
6.1.9 Australian Mines signs long-form off-take agreement with SK Innovation for Sconi Project 14
6.1.10 Russia's aluminum, nickel and copper exports increase year-on-year in Jan-Jun 15
6.1.12 Nickel Mines raises its ownership of Ranger Nickel Project to 60% 15
6.1.13 Philippine SR Languyan Mining to close nickel ore project in Tawi-Tawi 15
6.1.14 WBMS: Global nickel market sees supply shortage of 55.5kt in H1 15
6.1.15 INSG: Global nickel supply shortage narrowed to 5,100t in June 15
6.1.16 Rox Resources to earn up to 75% interest in Mt Eureka Ni-Au Project 15
6.1.17 Mincor Resources announces a substantial resources increase at Cassini nickel deposit 15
6.2 Domestic news 16
6.2.1 Chengtun Mining to invest in high nickel matte project in Indonesia 16
6.2.2 Western Mining plans to acquire 80% equity of Xinjiang Ruilun Mining 16
6.2.3 GME's sales of NCM precursor up by 170% YOY in H1 2019 16
6.2.4 Qidong Beixin delays resuming battery grade nickel sulfate production 16
6.2.5 Chinese-owned nickel plant spills waste into Papua New Guinea bay 16
6.2.5 Linyi Xinhai New Material finishes first EIA on High-Ni material relocation project 16
7. Relevant Industry News 16
7.1 NCM and power battery market 16
7.2 Stainless steel market 17
8. Market Outlook for Next Month 17
8.1 Chinese brand Nickel cathode17
8.2 Norilsk Nickel Cathode 17
2. Economy and Policy 4
2.1 Chinese economy and policy 4
2.1.1 China's manufacturing PMI edges down to 49.5% in Aug 4
2.1.2 MEE releases 40 key pollutant discharge units 4
2.1.3 SHFE still uncertain delivery time for nickel briquette 4
2.1.4 2nd round of central eco-environmental protection inspection investigates 130 persons in charge 4
2.1.5 Ministry of Commerce: New negative list of market access to be published in the near future 4
2.1.6 China to impose additional tariffs on U.S. goods worth USD75 billion 4
2.1.7 China restarts to impose tariffs on automobiles and automobile parts produced in the US 5
2.1.8 Jiangsu intends to promote a stricter differentiated electricity charge policy 5
2.2 International economy and policy 5
2.2.1 The US ISM manufacturing PMI for August worse than expected 5
2.2.2 U.S. to raise additional tariff on Chinese goods worth USD550 billion 5
2.2.3 Indonesian government signs bill to ban ore export in advance 5
3. Market Movements 6
3.1 Chinese Market Movements 6
3.1.1 Chinese nickel cathode prices down after up 6
3.1.2 Battery grade nickel sulfate prices down 6
3.1.3 Lateritic nickel ore prices up 7
3.1.4 Ferronickel market saw increasing prices 7
3.2 International Market 8
3.2.1 LME nickel prices up 8
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 9
4.1 AM Stats: China's nickel cathode output down by 16% MOM in Aug 9
4.2 AM Stats: China's nickel sulfate output down by 2.2% MOM in Aug 9
4.3 AM Stats: China's ferronickel output up by 85.6% YOY in Aug 10
5. Statistic Analysis of Import and Export 10
5.1 China's imported refined nickel volume up by 88.3% YOY in Jul 10
5.2 China's imports of ferronickel up by 133.2% YOY in Jul 11
5.3 Import volume of Chinese lateritic nickel ore up by 26.8% MOM in Jul 2019 12
5.4 China's nickel hydrometallurgy intermediates imports up sharply by 252.7% MOM in Jul 2019 13
6. Review on company news 13
6.1 Overseas news 13
6.1.1 Indonesia Jinchuan WP&RKA lateritic nickel project smelting line 3# goes into production 13
6.1.2 First Quantum Minerals plans restart of Ravensthorpe nickel mine 13
6.1.3 Sherritt reports higher nickel and cobalt production at Moa JV in Q2 2019 13
6.1.4 Norilsk Nickel's consolidated nickel output down by 4% QoQ in Q2 14
6.1.5 Antam's nickel ore output up by 27% YOY in H1 14
6.1.6 Sumitomo's Ambatovy nickel plant produces 9,000t in Apr-Jun 14
6.1.7 BHP to start nickel sulfate production for EVs in Q2 2020 14
6.1.8 Australia's Mincor Resources signs nickel supply deal with BHP 14
6.1.9 Australian Mines signs long-form off-take agreement with SK Innovation for Sconi Project 14
6.1.10 Russia's aluminum, nickel and copper exports increase year-on-year in Jan-Jun 15
6.1.12 Nickel Mines raises its ownership of Ranger Nickel Project to 60% 15
6.1.13 Philippine SR Languyan Mining to close nickel ore project in Tawi-Tawi 15
6.1.14 WBMS: Global nickel market sees supply shortage of 55.5kt in H1 15
6.1.15 INSG: Global nickel supply shortage narrowed to 5,100t in June 15
6.1.16 Rox Resources to earn up to 75% interest in Mt Eureka Ni-Au Project 15
6.1.17 Mincor Resources announces a substantial resources increase at Cassini nickel deposit 15
6.2 Domestic news 16
6.2.1 Chengtun Mining to invest in high nickel matte project in Indonesia 16
6.2.2 Western Mining plans to acquire 80% equity of Xinjiang Ruilun Mining 16
6.2.3 GME's sales of NCM precursor up by 170% YOY in H1 2019 16
6.2.4 Qidong Beixin delays resuming battery grade nickel sulfate production 16
6.2.5 Chinese-owned nickel plant spills waste into Papua New Guinea bay 16
6.2.5 Linyi Xinhai New Material finishes first EIA on High-Ni material relocation project 16
7. Relevant Industry News 16
7.1 NCM and power battery market 16
7.2 Stainless steel market 17
8. Market Outlook for Next Month 17
8.1 Chinese brand Nickel cathode17
8.2 Norilsk Nickel Cathode 17
