Nickel Market Report April 2013
2013-05-17 17:11:53 【Print】
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Introduction 5
1. Financial overview 5
1.1 CPI increases by 2.1% year-on-year while PPI decreases by 1.9 year-on-year 5
1.2 PMI in April decreases by 0.3% from March 6
2. International market review 7
2.1 International crude oil price sees fluctuation in April 7
2.2 US dollar index stabilizes at high levels 8
2.3 FED cancels quantitative easing policies, hitting nonferrous metals market 9
3. Global spot market review 10
3.1 Lateritic nickel ore market 10
3.2 Nickel cathodes market 12
3.3 Ferronickel market 15
3.4 Nickel sulfate market 17
4 Output in April 19
4.1 Nickel cathodes output 19
4.2 Ferronickel output in April in China 19
5 Customs data 20
5.1 Chinese nickel ore import up by 43.10% in March MOM 20
5.2 Chinese refined nickel import up by 5.78% in March MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in March 21
5.4 Chinese ferronickel import down by 13.62% in March MOM 25
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1 Sumitomo Metal Mining plans to produce 53,200t nickel in 2013. 27
6.1.2 PT Vale Indonesia nickel output may increase by 10% to 78,000t in 2013 27
6.2 Nickel cathodes industry developments 27
6.2.1 Norilsk Nickel halted Tati nickel ore due to the decreasing nickel price. 27
6.2.2 Huaze Nickel&Cobalt to increase nickel cathode annual designed capacity to 20,000 tons 27
6.2.3 Shaanxi Huaze Nickel&Cobalt Metal Co., LTD will increase nickel sulfate output by 500 tons per month 27
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 27
6.3 Ferronickel industrial developments 27
6.3.1 Baicheng Jinsheng Nickel Industry Co., Ltd., halted ferronickel production 27
6.3.2 Shandong Zhanhua Qingxiang Metal Materials Co., Ltd., halted ferronickel production 28
6.3.3 Jiangsu Xuzhou Jinxiang Metallurgical Co., Ltd halted high-grade ferronickel 28
6.3.4 Fujian Jinhui Special Alloy Co., Ltd transferred ferronickel production to ferrochrome 28
7. Stainless steel industry developments 29
7.1 Stainless steel scrap 29
7.2 300 series stainless steel 29
8. Outlook for May 29
8.1 Lateritic nickel ore market outlook 29
8.2 Nickel cathodes market forecast 29
8.3 Ferronickel market outlook 30
8.4 Nickel salt market outlook 30
Picture
Picture 1 Chart of CPI and PPI in China during 2011-2013 6
Picture 2 Chinese PMI chart during 2011-2013 7
Picture 3 Futures price of US crude oil in dominant contracts in April 8
Picture 4 Chart of USD Index tendency 9
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in April: RMB/t 11
Picture 6 Nickel cathodes of Jinchuan brand factory price 13
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 14
Picture 9 Nickel of Inco brand price in Chinese spot market 15
Picture 10 Ex works price trend of ferronickel 10%min in China: RMB/mtu 16
Picture 11 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 17
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 17
Picture 13 nickel sulfate price movement in April 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in Apil in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in March in China 22
Table 4: China Import statistics of nickel ore san and concentrate in March….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in March in China 28
Table 6China top 10 ferronickel import enterprises review in March 32
Table 7: China Import statistics of ferronickel in March……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in March………35
1. Financial overview 5
1.1 CPI increases by 2.1% year-on-year while PPI decreases by 1.9 year-on-year 5
1.2 PMI in April decreases by 0.3% from March 6
2. International market review 7
2.1 International crude oil price sees fluctuation in April 7
2.2 US dollar index stabilizes at high levels 8
2.3 FED cancels quantitative easing policies, hitting nonferrous metals market 9
3. Global spot market review 10
3.1 Lateritic nickel ore market 10
3.2 Nickel cathodes market 12
3.3 Ferronickel market 15
3.4 Nickel sulfate market 17
4 Output in April 19
4.1 Nickel cathodes output 19
4.2 Ferronickel output in April in China 19
5 Customs data 20
5.1 Chinese nickel ore import up by 43.10% in March MOM 20
5.2 Chinese refined nickel import up by 5.78% in March MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in March 21
5.4 Chinese ferronickel import down by 13.62% in March MOM 25
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1 Sumitomo Metal Mining plans to produce 53,200t nickel in 2013. 27
6.1.2 PT Vale Indonesia nickel output may increase by 10% to 78,000t in 2013 27
6.2 Nickel cathodes industry developments 27
6.2.1 Norilsk Nickel halted Tati nickel ore due to the decreasing nickel price. 27
6.2.2 Huaze Nickel&Cobalt to increase nickel cathode annual designed capacity to 20,000 tons 27
6.2.3 Shaanxi Huaze Nickel&Cobalt Metal Co., LTD will increase nickel sulfate output by 500 tons per month 27
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 27
6.3 Ferronickel industrial developments 27
6.3.1 Baicheng Jinsheng Nickel Industry Co., Ltd., halted ferronickel production 27
6.3.2 Shandong Zhanhua Qingxiang Metal Materials Co., Ltd., halted ferronickel production 28
6.3.3 Jiangsu Xuzhou Jinxiang Metallurgical Co., Ltd halted high-grade ferronickel 28
6.3.4 Fujian Jinhui Special Alloy Co., Ltd transferred ferronickel production to ferrochrome 28
7. Stainless steel industry developments 29
7.1 Stainless steel scrap 29
7.2 300 series stainless steel 29
8. Outlook for May 29
8.1 Lateritic nickel ore market outlook 29
8.2 Nickel cathodes market forecast 29
8.3 Ferronickel market outlook 30
8.4 Nickel salt market outlook 30
Picture
Picture 1 Chart of CPI and PPI in China during 2011-2013 6
Picture 2 Chinese PMI chart during 2011-2013 7
Picture 3 Futures price of US crude oil in dominant contracts in April 8
Picture 4 Chart of USD Index tendency 9
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in April: RMB/t 11
Picture 6 Nickel cathodes of Jinchuan brand factory price 13
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 14
Picture 9 Nickel of Inco brand price in Chinese spot market 15
Picture 10 Ex works price trend of ferronickel 10%min in China: RMB/mtu 16
Picture 11 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 17
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 17
Picture 13 nickel sulfate price movement in April 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in Apil in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in March in China 22
Table 4: China Import statistics of nickel ore san and concentrate in March….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in March in China 28
Table 6China top 10 ferronickel import enterprises review in March 32
Table 7: China Import statistics of ferronickel in March……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in March………35
