Nickel Market Report November 2013
2013-12-12 10:23:36 【Print】
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Abstract 4
1. Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up 3.2%, PPI down 1.5% YOY in Oct 4
1.1.2 PMI positively stable in November 5
1.2 International financial review 6
1.2.1 Iran nuclear crisis relieves, crude oil prices fall back 6
1.2.2 Weaker Euro strengthens US dollar index 7
2. Chinese domestic market review 8
2.1 Lateritic nickel ore market 8
2.2 Nickel cathodes market 10
2.3 Ferronickel market 12
3.4 Nickel sulfate market 15
4 International market review 16
4.1 LME nickel market 16
5 Production data 19
5.1 Nickel cathodes output 19
5.2 Ferronickel output in November in China 20
6 Import & Export data analysis 21
6.1 Chinese nickel ore import up by 35.85% MOM in October 21
6.2 Chinese refined nickel import down by 21.86% MOM in October 26
6.3 Top10 unrolled non-alloy nickel enterprises in China in October 27
7. Company news 33
7.1 Lateritic nickel ore industry developments 33
7.1.1 Evercontaining Electric enhances Indonesian project process 33
7.1.2 Indonesian Antam’s output and sales of nickel in Q3 34
7.1.3 Sumitomo Metal Mining Co Ltd to get more nickel ore supply from Philippines 34
7.2 Nickel cathodes industry developments 34
7.2.1 Sichuan Ni&Co Guorun New Materials Co., Ltd increased output of nickel cathode to 1,300 tons in October. 34
7.2.2 Xinjiang Xinxin Mining Industry Co., Ltd holds high stocks of nickel cathode on hand and is reluctant to sell the metal. 34
7.3 Ferronickel industrial developments 35
7.3.1 An Steel Group Minyuan Special Steel Co. Ltd., plans to start high-grade ferronickel production in December 35
7.3.2 Baicheng Jinsheng Nickel Industry Co., Ltd. has halted its ferronickel 10% production. 35
7.3.3 Shandong Xinhai Technology Co., Ltd plans to restart one furnace for ferronickel production end of November 35
7.3.4 Jiangsu Baotong Nickel Industry Co. Ltd., started high-grade ferronickel production middle of this month 36
7.3.4 Inner Mongolia Xianghuang Banner Beifang Metallurgy Co., Ltd restarted ferronickel production 36
7.3.5 Inner Mongolia Bayan Nur City Agricultural Reclamation Hongtong Reduced Iron Co., Ltd started high-grade ferronickel production 36
7.3.5 Inner Mongolia Chayouqian Flag Yongsheng Ferroalloy Co., Ltd., suspend ferronickel production 36
8. Related industry developments 37
8.1 Stainless steel scrap 37
8.2 300 series stainless steel 37
9. Outlook for December 37
9.1 Lateritic nickel ore market outlook 37
9.2 Nickel cathodes market forecast 37
9.3 Ferronickel market outlook 38
9.4 Nickel salt market outlook 38
Picture
Picture 1 China’s CPI and PPI in 2011-2013 5
Picture 2 China’s manufacturing PMI in 2011-2013 6
Picture 3 Main contracts prices of crude oil futures in US in November 7
Picture 4 US dollar index 7
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in November: RMB/t 9
Picture 6 Nickel cathodes of Jinchuan brand factory price 10
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 11
Picture 8 Nickel of Norilsk brand price in Chinese spot market 11
Picture 9 Ex works price trend of ferronickel 10%min in China: RMB/mtu 14
Picture 10 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 15
Picture 11 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 15
Picture 12 nickel sulfate price movement in October 16
Table
Table 1 Inventory quantity and vessel mooring situation 9
Table 2 nickel cathodes output in November in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in October in China 22
Table 4: China Import statistics of nickel ore san and concentrate in October ….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in October in China 28
Table 6China top 10 ferronickel import enterprises review in October 32
Table 7: China Import statistics of ferronickel in October……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in October………35
1. Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up 3.2%, PPI down 1.5% YOY in Oct 4
1.1.2 PMI positively stable in November 5
1.2 International financial review 6
1.2.1 Iran nuclear crisis relieves, crude oil prices fall back 6
1.2.2 Weaker Euro strengthens US dollar index 7
2. Chinese domestic market review 8
2.1 Lateritic nickel ore market 8
2.2 Nickel cathodes market 10
2.3 Ferronickel market 12
3.4 Nickel sulfate market 15
4 International market review 16
4.1 LME nickel market 16
5 Production data 19
5.1 Nickel cathodes output 19
5.2 Ferronickel output in November in China 20
6 Import & Export data analysis 21
6.1 Chinese nickel ore import up by 35.85% MOM in October 21
6.2 Chinese refined nickel import down by 21.86% MOM in October 26
6.3 Top10 unrolled non-alloy nickel enterprises in China in October 27
7. Company news 33
7.1 Lateritic nickel ore industry developments 33
7.1.1 Evercontaining Electric enhances Indonesian project process 33
7.1.2 Indonesian Antam’s output and sales of nickel in Q3 34
7.1.3 Sumitomo Metal Mining Co Ltd to get more nickel ore supply from Philippines 34
7.2 Nickel cathodes industry developments 34
7.2.1 Sichuan Ni&Co Guorun New Materials Co., Ltd increased output of nickel cathode to 1,300 tons in October. 34
7.2.2 Xinjiang Xinxin Mining Industry Co., Ltd holds high stocks of nickel cathode on hand and is reluctant to sell the metal. 34
7.3 Ferronickel industrial developments 35
7.3.1 An Steel Group Minyuan Special Steel Co. Ltd., plans to start high-grade ferronickel production in December 35
7.3.2 Baicheng Jinsheng Nickel Industry Co., Ltd. has halted its ferronickel 10% production. 35
7.3.3 Shandong Xinhai Technology Co., Ltd plans to restart one furnace for ferronickel production end of November 35
7.3.4 Jiangsu Baotong Nickel Industry Co. Ltd., started high-grade ferronickel production middle of this month 36
7.3.4 Inner Mongolia Xianghuang Banner Beifang Metallurgy Co., Ltd restarted ferronickel production 36
7.3.5 Inner Mongolia Bayan Nur City Agricultural Reclamation Hongtong Reduced Iron Co., Ltd started high-grade ferronickel production 36
7.3.5 Inner Mongolia Chayouqian Flag Yongsheng Ferroalloy Co., Ltd., suspend ferronickel production 36
8. Related industry developments 37
8.1 Stainless steel scrap 37
8.2 300 series stainless steel 37
9. Outlook for December 37
9.1 Lateritic nickel ore market outlook 37
9.2 Nickel cathodes market forecast 37
9.3 Ferronickel market outlook 38
9.4 Nickel salt market outlook 38
Picture
Picture 1 China’s CPI and PPI in 2011-2013 5
Picture 2 China’s manufacturing PMI in 2011-2013 6
Picture 3 Main contracts prices of crude oil futures in US in November 7
Picture 4 US dollar index 7
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in November: RMB/t 9
Picture 6 Nickel cathodes of Jinchuan brand factory price 10
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 11
Picture 8 Nickel of Norilsk brand price in Chinese spot market 11
Picture 9 Ex works price trend of ferronickel 10%min in China: RMB/mtu 14
Picture 10 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 15
Picture 11 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 15
Picture 12 nickel sulfate price movement in October 16
Table
Table 1 Inventory quantity and vessel mooring situation 9
Table 2 nickel cathodes output in November in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in October in China 22
Table 4: China Import statistics of nickel ore san and concentrate in October ….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in October in China 28
Table 6China top 10 ferronickel import enterprises review in October 32
Table 7: China Import statistics of ferronickel in October……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in October………35
