Nickel Market Report July 2014
2014-08-15 15:33:35 【Print】
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Abstract 4
1. Financial Overview 4
1.1 Chinese financial overview 4
1.1.1 CPI up by 2.3% and PPI down by 1.1% YOY in June 4
1.1.2 PMI hits another new high in July 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices fall back 6
1.2.2 US dollar Index continues to climb 7
2. International market review 8
2.1 LME nickel prices fluctuate sharply 8
2.2 Import prices for lateritic nickel ore from the Philippines fall 8
3 Chinese domestic market review 9
3.1 Lateritic nickel ore prices continue to decline 9
3.2 Nickel cathode prices decrease 10
3.3 Ferronickel prices steady 12
3.4 Nickel sulfate prices stable 14
4. Production data 15
4.1 Chinese nickel cathode output down by 0.39% MOM in July 15
4.2 Chinese ferronickel output down by 5.64% MOM in July 17
5. Lateritic nickel ore stocks in China’s main ports in July 18
6. Import data analysis 18
6.1 Chinese nickel ore imports down by 10% MOM in June 18
6.2 Chinese refined nickel and nickel alloy imports up by 10.31% MOM in June 23
6.3 Top 10 unrolled non-alloy nickel import enterprises in China in June 25
6.4 Chinese ferronickel imports down by 0.79% MOM in June 27
6.5 Chinese nickel powder imports down by 26.21% MOM in June 30
7. Company news 32
7.1 Shandong Weishan Fuxin Metallurgy postpones resuming ferronickel production 32
7.2 Haitong Special Steel Technology halts ferronickel production 32
7.3 Jinchuan Group achieves nickel production target in H1 32
7.4 Huaze Ni & Co resumes nickel production 32
8. Related industry developments 32
8.1 Stainless steel scrap 32
8.2 300 series stainless steel 32
9. Outlook for August 33
9.1 Lateritic nickel ore 33
9.2 Nickel cathodes 33
9.3 Ferronickel 33
9.4 Nickel salts 33
Picture
Picture 1 China's CPI and PPI trend in 2012-2014 5
Picture 2 PMI index of Chinese manufacturing industry 6
Picture 3 US crude oil futures price trend on major transaction market in July 7
Picture 4 US dollar index trend 7
Picture 5 Price graph for three-month seller nickel on the LME in July 8
Picture 6 Price graph for lateritic nickel ore 1.8% FOB the Philippines in July 9
Picture 7 Price graph for Chinese lateritic nickel ore 1.8% delivered-at-ports in July 10
Picture 8 Price graph for Jinchuan Group’s nickel cathodes in July 10
Picture 9 Price graph for Jinchuan brand nickel cathodes on the Chinese spot market in July 11
Picture 10 Price graph for Norilsk brand nickel on the Chinese spot market in July 11
Picture 11 Price graph for Inco brand nickel on the Chinese spot market in July 12
Picture 12 Price graph for ferronickel 10%min in China in July 13
Picture 13 Price graph for ferronickel 4-6%min in China in July 13
Picture 14 Price graph for ferronickel 7-9%min in China in July 14
Picture 15 Ex work prices for nickel sulfate of Jinchuan brand in July 15
Picture 16 Price graph for Jinchuan brand nickel sulfate on the Chinese spot market in July 15
Picture 17 Chinese nickel cathode output in 2014 16
Picture 18 Chinese ferronickel output in 2014 17
Picture 19 Chinese nickel ore import in 2014 19
Picture 20 Chinese lateritic nickel ore import by region in 2014 19
Picture 21 Price graph for lateritic nickel ore 1.8%min FOB Philippines in June 2014 20
Picture 22 Chinese refined nickel and nickel alloy imports in 2014 24
Picture 23 Chinese ferronickel import by region in 2014 28
Picture 24 Chinese nickel powder import origins in 2014 30
Table
Table 1 Ferronickel 10%min purchasing prices from some main stainless steel plants Jul-Aug 12
Table 2 Nickel cathodes outputs in China in July 16
Table 3 Ferronickel outputs in June and July 17
Table 4 Lateritic nickel ore stocks on August 1, 2014 18
Table 5 Chinese lateritic nickel ore imports in June 20
Table 6 Chinese top 10 import enterprises of nickel ore sand and nickel concentrate in June. 20
Table 7 Chinese nickel ore sand and nickel concentrate (Hs Code: 26040000) imports in June 21
Table 8 Chinese refined nickel and nickel alloy imports in June 24
Table 9 Chinese top 10 unwrought non-alloy nickel import enterprises in June 25
Table 10 Chinese unwrought non-alloy nickel (Hs Code: 75021090) import enterprises in June 25
Table 11 Chinese top 10 ferronickel import enterprises in June 28
Table 12 Chinese ferronickel import enterprises in June 29
Table 13 Chinese nickel powder import origins in June 2014 30
Table 14 Chinese top 10 nickel powders & flakes import enterprises in June 30
Table 15 Chinese nickel powders & flakes (Hs Code: 75040010) import enterprises in June 31
1. Financial Overview 4
1.1 Chinese financial overview 4
1.1.1 CPI up by 2.3% and PPI down by 1.1% YOY in June 4
1.1.2 PMI hits another new high in July 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices fall back 6
1.2.2 US dollar Index continues to climb 7
2. International market review 8
2.1 LME nickel prices fluctuate sharply 8
2.2 Import prices for lateritic nickel ore from the Philippines fall 8
3 Chinese domestic market review 9
3.1 Lateritic nickel ore prices continue to decline 9
3.2 Nickel cathode prices decrease 10
3.3 Ferronickel prices steady 12
3.4 Nickel sulfate prices stable 14
4. Production data 15
4.1 Chinese nickel cathode output down by 0.39% MOM in July 15
4.2 Chinese ferronickel output down by 5.64% MOM in July 17
5. Lateritic nickel ore stocks in China’s main ports in July 18
6. Import data analysis 18
6.1 Chinese nickel ore imports down by 10% MOM in June 18
6.2 Chinese refined nickel and nickel alloy imports up by 10.31% MOM in June 23
6.3 Top 10 unrolled non-alloy nickel import enterprises in China in June 25
6.4 Chinese ferronickel imports down by 0.79% MOM in June 27
6.5 Chinese nickel powder imports down by 26.21% MOM in June 30
7. Company news 32
7.1 Shandong Weishan Fuxin Metallurgy postpones resuming ferronickel production 32
7.2 Haitong Special Steel Technology halts ferronickel production 32
7.3 Jinchuan Group achieves nickel production target in H1 32
7.4 Huaze Ni & Co resumes nickel production 32
8. Related industry developments 32
8.1 Stainless steel scrap 32
8.2 300 series stainless steel 32
9. Outlook for August 33
9.1 Lateritic nickel ore 33
9.2 Nickel cathodes 33
9.3 Ferronickel 33
9.4 Nickel salts 33
Picture
Picture 1 China's CPI and PPI trend in 2012-2014 5
Picture 2 PMI index of Chinese manufacturing industry 6
Picture 3 US crude oil futures price trend on major transaction market in July 7
Picture 4 US dollar index trend 7
Picture 5 Price graph for three-month seller nickel on the LME in July 8
Picture 6 Price graph for lateritic nickel ore 1.8% FOB the Philippines in July 9
Picture 7 Price graph for Chinese lateritic nickel ore 1.8% delivered-at-ports in July 10
Picture 8 Price graph for Jinchuan Group’s nickel cathodes in July 10
Picture 9 Price graph for Jinchuan brand nickel cathodes on the Chinese spot market in July 11
Picture 10 Price graph for Norilsk brand nickel on the Chinese spot market in July 11
Picture 11 Price graph for Inco brand nickel on the Chinese spot market in July 12
Picture 12 Price graph for ferronickel 10%min in China in July 13
Picture 13 Price graph for ferronickel 4-6%min in China in July 13
Picture 14 Price graph for ferronickel 7-9%min in China in July 14
Picture 15 Ex work prices for nickel sulfate of Jinchuan brand in July 15
Picture 16 Price graph for Jinchuan brand nickel sulfate on the Chinese spot market in July 15
Picture 17 Chinese nickel cathode output in 2014 16
Picture 18 Chinese ferronickel output in 2014 17
Picture 19 Chinese nickel ore import in 2014 19
Picture 20 Chinese lateritic nickel ore import by region in 2014 19
Picture 21 Price graph for lateritic nickel ore 1.8%min FOB Philippines in June 2014 20
Picture 22 Chinese refined nickel and nickel alloy imports in 2014 24
Picture 23 Chinese ferronickel import by region in 2014 28
Picture 24 Chinese nickel powder import origins in 2014 30
Table
Table 1 Ferronickel 10%min purchasing prices from some main stainless steel plants Jul-Aug 12
Table 2 Nickel cathodes outputs in China in July 16
Table 3 Ferronickel outputs in June and July 17
Table 4 Lateritic nickel ore stocks on August 1, 2014 18
Table 5 Chinese lateritic nickel ore imports in June 20
Table 6 Chinese top 10 import enterprises of nickel ore sand and nickel concentrate in June. 20
Table 7 Chinese nickel ore sand and nickel concentrate (Hs Code: 26040000) imports in June 21
Table 8 Chinese refined nickel and nickel alloy imports in June 24
Table 9 Chinese top 10 unwrought non-alloy nickel import enterprises in June 25
Table 10 Chinese unwrought non-alloy nickel (Hs Code: 75021090) import enterprises in June 25
Table 11 Chinese top 10 ferronickel import enterprises in June 28
Table 12 Chinese ferronickel import enterprises in June 29
Table 13 Chinese nickel powder import origins in June 2014 30
Table 14 Chinese top 10 nickel powders & flakes import enterprises in June 30
Table 15 Chinese nickel powders & flakes (Hs Code: 75040010) import enterprises in June 31
