Monthly Nickel Market Report Dec 2020
2021-01-15 17:25:28 【Print】
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1. Market Highlights 3
2. Economy and Policy 3
2.1 China's import and export value of foreign trade up by 1.8% YOY in Jan-Nov 3
2.2 WBMS: Nickel market records surplus of 63.7kt in Jan-Oct 2020 3
2.3 China to adjust customs tariffs for some products starting Jan 1 3
2.4 China's manufacturing PMI stays above 50-point mark indicating economic expansion for ten months in a row in Dec 3
3. Market Movements 3
3.1 Chinese Market Movements 3
3.1.1Chinese nickel cathode EXW China 3
3.1.2 Norilsk nickel cathode Chinese port 4
3.1.3 Nickel sulfate China EXW 4
3.1.4 Electroplating grade nickel sulfate EXW China 4
3.1.5 Lateritic nickel ore 1.5%min prices Chinese port 4
3.1.6 Philippine lateritic nickel ore 1.8%min Chinese port 5
3.1.7 Ferronickel 10%min EXW China 5
3.1.8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Stainless steel industry seeks zero duty on ferronickel, scrap in upcoming budget 5
3.2.2 Indonesia says $9.8 billion EV battery MOU agreed with LG Energy Solution 6
3.2.3 LME nickel prices up 6
3.2.4 Imported lateritic nickel ore prices CIF China 6
3.2.5 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Producers Statistics 6
4.1 Lygend Mining restarts Indonesia's nickel sulfate project 6
4.2 Fjordland Exploration to acquire Renzy Nickel-Copper Project from QPM 7
4.3 Eramet's New Caledonia nickel smelter runs low on ore after protests 7
4.4 BASF and Eramet partner to assess the development of a nickel-cobalt refining complex to supply growing electric vehicle market 7
4.5 Worker protest paralyses PT VDNI's nickel plant 7
4.6 Metso Outotec to modernize Norilsk Nickel's Nadezhda smelting line 7
4.7 Queensland Pacific Metals produces first MHP product from TECH plant 7
4.8 Eramet's New Caledonia nickel smelter to boost power as blockades ease 7
4.9 Worker protest paralyses PT VDNI's nickel plant 8
4.10 Metso Outotec to modernize Norilsk Nickel's Nadezhda smelting line 8
4.11 Tianjin Maolian resumes nickel sulfate production 8
4.12 Huayou Cobalt's private placement application approved by CSRC 8
4.13 Annual processing volume of Jinchuan Group's concentrator breaks through 10 million tons 8
4.14 Shandong Lingang Nonferrous Metals reduces ferronickel output 8
5. Import and Export Statistics 8
5.1 AM Stats: Chinese refined nickel producers' operating rate down by 1.3% YOY in Dec 8
5.2 AM Stats: Chinese nickel sulfate producers' operating rate up by 12.4% YOY in Dec 9
5.3 AM Stats: Chinese ferronickel producers' operating rate up by 18.7% MOM in Dec 10
6. Import and Export Statistics 11
6.1 China's ferronickel imports up by 68.7% YOY in Nov 11
6.2 China's nickel sulfate imports up by nearly 15 times MOM in Nov 12
6.3 China's refined nickel imports up by 74.9% YOY in Nov 12
7. Market Outlook for Next Month 12
7.1 NCM and power battery market 12
7.2 Stainless steel market 12
8. Market Outlook for Next Month 13
8.1 Chinese brand nickel cathode EXW China 13
8.2 Norislk Nickel Cathode 99.96%min Chinese port 13
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 13
2. Economy and Policy 3
2.1 China's import and export value of foreign trade up by 1.8% YOY in Jan-Nov 3
2.2 WBMS: Nickel market records surplus of 63.7kt in Jan-Oct 2020 3
2.3 China to adjust customs tariffs for some products starting Jan 1 3
2.4 China's manufacturing PMI stays above 50-point mark indicating economic expansion for ten months in a row in Dec 3
3. Market Movements 3
3.1 Chinese Market Movements 3
3.1.1Chinese nickel cathode EXW China 3
3.1.2 Norilsk nickel cathode Chinese port 4
3.1.3 Nickel sulfate China EXW 4
3.1.4 Electroplating grade nickel sulfate EXW China 4
3.1.5 Lateritic nickel ore 1.5%min prices Chinese port 4
3.1.6 Philippine lateritic nickel ore 1.8%min Chinese port 5
3.1.7 Ferronickel 10%min EXW China 5
3.1.8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Stainless steel industry seeks zero duty on ferronickel, scrap in upcoming budget 5
3.2.2 Indonesia says $9.8 billion EV battery MOU agreed with LG Energy Solution 6
3.2.3 LME nickel prices up 6
3.2.4 Imported lateritic nickel ore prices CIF China 6
3.2.5 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Producers Statistics 6
4.1 Lygend Mining restarts Indonesia's nickel sulfate project 6
4.2 Fjordland Exploration to acquire Renzy Nickel-Copper Project from QPM 7
4.3 Eramet's New Caledonia nickel smelter runs low on ore after protests 7
4.4 BASF and Eramet partner to assess the development of a nickel-cobalt refining complex to supply growing electric vehicle market 7
4.5 Worker protest paralyses PT VDNI's nickel plant 7
4.6 Metso Outotec to modernize Norilsk Nickel's Nadezhda smelting line 7
4.7 Queensland Pacific Metals produces first MHP product from TECH plant 7
4.8 Eramet's New Caledonia nickel smelter to boost power as blockades ease 7
4.9 Worker protest paralyses PT VDNI's nickel plant 8
4.10 Metso Outotec to modernize Norilsk Nickel's Nadezhda smelting line 8
4.11 Tianjin Maolian resumes nickel sulfate production 8
4.12 Huayou Cobalt's private placement application approved by CSRC 8
4.13 Annual processing volume of Jinchuan Group's concentrator breaks through 10 million tons 8
4.14 Shandong Lingang Nonferrous Metals reduces ferronickel output 8
5. Import and Export Statistics 8
5.1 AM Stats: Chinese refined nickel producers' operating rate down by 1.3% YOY in Dec 8
5.2 AM Stats: Chinese nickel sulfate producers' operating rate up by 12.4% YOY in Dec 9
5.3 AM Stats: Chinese ferronickel producers' operating rate up by 18.7% MOM in Dec 10
6. Import and Export Statistics 11
6.1 China's ferronickel imports up by 68.7% YOY in Nov 11
6.2 China's nickel sulfate imports up by nearly 15 times MOM in Nov 12
6.3 China's refined nickel imports up by 74.9% YOY in Nov 12
7. Market Outlook for Next Month 12
7.1 NCM and power battery market 12
7.2 Stainless steel market 12
8. Market Outlook for Next Month 13
8.1 Chinese brand nickel cathode EXW China 13
8.2 Norislk Nickel Cathode 99.96%min Chinese port 13
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 13
