Nickel Market Report August 2014
2014-09-12 18:21:19 【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 0.9% YOY in July 4
1.1.2 August PMI down sharply 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices continue to fall 6
1.2.2 US dollar strong again amid depressed European economy 7
2. International market review 8
2.1 LME nickel prices fluctuate narrowly 8
2.2 Lateritic nickel ore price remains stable 9
3 Chinese domestic market review 10
3.1 High-grade lateritic nickel ore suppliers hold back from selling 10
3.2 Nickel cathode prices fluctuate and trading flat 11
3.3 Ferronickel prices steady and decline slightly in late August 14
3.4 Nickel sulfate prices stable 17
4. Production data 19
4.1 Chinese nickel cathode output up by 3.13% MOM in August 19
4.2 Chinese ferronickel output down by 6.89% MOM in August 20
5. Lateritic nickel ore stocks in China’s main ports in August 21
6. Import data analysis 22
6.1 Chinese nickel ore/concentrate imports up by 38.65% MOM in July 22
6.2 Chinese refined nickel and nickel alloy imports up by 57.34% MOM in July 27
6.3 Chinese ferronickel imports up by 6.35% MOM in July 31
6.4 Chinese nickel powder imports down by 8.49% MOM in July 34
7. Company news 36
7.1 Yantai CASH to increase nickel cathodes capacity to 10,000tpy 36
7.2 Lanbo Metal reduces nickel cathodes production in August 36
7.3 Yuehuang Industrial's ferronickel plant in Indonesia to come on stream late 2014 36
8. Related industry developments 37
8.1 Stainless steel scrap 37
8.2 300 series stainless steel 37
9. Outlook for September 37
9.1 Lateritic nickel ore 37
9.2 Nickel cathodes 37
9.3 Ferronickel 38
9.4 Nickel salts 38
Picture
Picture 1 PMI index of Chinese manufacturing industry 6
Picture 2 US crude oil futures price trend on major transaction market in August 7
Picture 3 US dollar index trend 8
Picture 4 Price graph for three-month seller nickel on the LME from Jan-Aug 2014 9
Picture 5 Price graph for lateritic nickel ore 1.8% FOB Philippines Jan-Aug 2014 10
Picture 6 Price graph for Chinese lateritic nickel ore 1.8% delivered-at-ports Jan-Aug 2014 11
Picture 7 Price graph for Jinchuan Group’s nickel cathodes Jan-Aug 2014 12
Picture 8 Price graph for Jinchuan brand nickel cathodes on the Chinese spot market Jan-Aug 2014 12
Picture 9 Price graph for Norilsk brand nickel on the Chinese spot market Jan-Aug 2014 13
Picture 10 Price graph for Inco brand nickel on the Chinese spot market Jan-Aug 2014 14
Picture 11 Price graph for ferronickel 10%min in China Jan-Aug 2014 15
Picture 12 Price graph for ferronickel 4-6%min in China Jan-Aug 2014 16
Picture 13 Price graph for ferronickel 7-9%min in China Jan-Aug 2014 17
Picture 14 Price graph for Jinchuan brand nickel sulfate on the Chinese spot market Jan-Aug 2014 18
Picture 15 Chinese nickel cathode output in 2014 19
Picture 16 Chinese ferronickel output in 2014 20
Picture 17 Price graph for lateritic nickel ore 1.8%min FOB Philippines in July 2014 24
Picture 18 Chinese refined nickel and nickel alloy imports in 2014 28
Picture 19 Chinese ferronickel imports in 2014 31
Picture 20 Chinese ferronickel imports by region in 2014 32
Picture 21 Chinese nickel powder imports in 2014 34
Picture 22 Chinese nickel powder imports by origin in 2014 35
Table
Table 1 Ferronickel 10%min purchasing prices from some main stainless steel plants Aug-Sep 14
Table 2 Ferronickel outputs in July and August 21
Table 3 Lateritic nickel ore stocks on August 29, 2014 21
Table 4 Chinese lateritic nickel ore/concentrate imports in July 24
Table 5 Chinese refined nickel and nickel alloy imports in July 28
Table 6 Chinese top 10 unwrought non-alloy nickel import enterprises in July 29
Table 7 Chinese unwrought non-alloy nickel (Hs Code: 75021090) import enterprises in July 29
Table 8 Chinese ferronickel import origins in July 2014 32
Table 9 Top ten Chinese ferronickel import enterprises and their import quantities in July 32
Table 10 Chinese ferronickel import enterprises in July 33
Table 11 Chinese top 10 nickel powders & flakes import enterprises in July 35
Table 12 Chinese nickel powders & flakes (Hs Code: 75040010) import enterprises in July 35
1. Financial Overview 4
1.1 Chinese financial overview 4
1.1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July 4
1.1.2 August PMI down sharply 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices continue to fall 6
1.2.2 US dollar strong again amid depressed European economy 7
2. International market review 8
2.1 LME nickel prices fluctuate narrowly 8
2.2 Lateritic nickel ore price remains stable 9
3 Chinese domestic market review 10
3.1 High-grade lateritic nickel ore suppliers hold back from selling 10
3.2 Nickel cathode prices fluctuate and trading flat 11
3.3 Ferronickel prices steady and decline slightly in late August 14
3.4 Nickel sulfate prices stable 17
4. Production data 19
4.1 Chinese nickel cathode output up by 3.13% MOM in August 19
4.2 Chinese ferronickel output down by 6.89% MOM in August 20
5. Lateritic nickel ore stocks in China’s main ports in August 21
6. Import data analysis 22
6.1 Chinese nickel ore/concentrate imports up by 38.65% MOM in July 22
6.2 Chinese refined nickel and nickel alloy imports up by 57.34% MOM in July 27
6.3 Chinese ferronickel imports up by 6.35% MOM in July 31
6.4 Chinese nickel powder imports down by 8.49% MOM in July 34
7. Company news 36
7.1 Yantai CASH to increase nickel cathodes capacity to 10,000tpy 36
7.2 Lanbo Metal reduces nickel cathodes production in August 36
7.3 Yuehuang Industrial's ferronickel plant in Indonesia to come on stream late 2014 36
8. Related industry developments 37
8.1 Stainless steel scrap 37
8.2 300 series stainless steel 37
9. Outlook for September 37
9.1 Lateritic nickel ore 37
9.2 Nickel cathodes 37
9.3 Ferronickel 38
9.4 Nickel salts 38
Picture
Picture 1 PMI index of Chinese manufacturing industry 6
Picture 2 US crude oil futures price trend on major transaction market in August 7
Picture 3 US dollar index trend 8
Picture 4 Price graph for three-month seller nickel on the LME from Jan-Aug 2014 9
Picture 5 Price graph for lateritic nickel ore 1.8% FOB Philippines Jan-Aug 2014 10
Picture 6 Price graph for Chinese lateritic nickel ore 1.8% delivered-at-ports Jan-Aug 2014 11
Picture 7 Price graph for Jinchuan Group’s nickel cathodes Jan-Aug 2014 12
Picture 8 Price graph for Jinchuan brand nickel cathodes on the Chinese spot market Jan-Aug 2014 12
Picture 9 Price graph for Norilsk brand nickel on the Chinese spot market Jan-Aug 2014 13
Picture 10 Price graph for Inco brand nickel on the Chinese spot market Jan-Aug 2014 14
Picture 11 Price graph for ferronickel 10%min in China Jan-Aug 2014 15
Picture 12 Price graph for ferronickel 4-6%min in China Jan-Aug 2014 16
Picture 13 Price graph for ferronickel 7-9%min in China Jan-Aug 2014 17
Picture 14 Price graph for Jinchuan brand nickel sulfate on the Chinese spot market Jan-Aug 2014 18
Picture 15 Chinese nickel cathode output in 2014 19
Picture 16 Chinese ferronickel output in 2014 20
Picture 17 Price graph for lateritic nickel ore 1.8%min FOB Philippines in July 2014 24
Picture 18 Chinese refined nickel and nickel alloy imports in 2014 28
Picture 19 Chinese ferronickel imports in 2014 31
Picture 20 Chinese ferronickel imports by region in 2014 32
Picture 21 Chinese nickel powder imports in 2014 34
Picture 22 Chinese nickel powder imports by origin in 2014 35
Table
Table 1 Ferronickel 10%min purchasing prices from some main stainless steel plants Aug-Sep 14
Table 2 Ferronickel outputs in July and August 21
Table 3 Lateritic nickel ore stocks on August 29, 2014 21
Table 4 Chinese lateritic nickel ore/concentrate imports in July 24
Table 5 Chinese refined nickel and nickel alloy imports in July 28
Table 6 Chinese top 10 unwrought non-alloy nickel import enterprises in July 29
Table 7 Chinese unwrought non-alloy nickel (Hs Code: 75021090) import enterprises in July 29
Table 8 Chinese ferronickel import origins in July 2014 32
Table 9 Top ten Chinese ferronickel import enterprises and their import quantities in July 32
Table 10 Chinese ferronickel import enterprises in July 33
Table 11 Chinese top 10 nickel powders & flakes import enterprises in July 35
Table 12 Chinese nickel powders & flakes (Hs Code: 75040010) import enterprises in July 35
