Nickel Market Report May 2013
2013-06-17 15:29:50 【Print】
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Introduction 5
1. Financial overview 5
1.1 CPI increases by 2.4% year-on-year while PPI decreases by 2.6 year-on-year in April 5
1.2 PMI in May increases by 0.2% from April 6
2. International market review 7
2.1 International crude oil price sees fluctuation in May 7
2.2 US dollar index strongly rebounds 8
2.3 Nonferrous metals industry enters weak cycle 9
3. Global spot market review 10
3.1 Lateritic nickel ore market 10
3.2 Nickel cathodes market 13
3.3 Ferronickel market 15
3.4 Nickel sulfate market 19
4 Output in May 20
4.1 Nickel cathodes output 20
4.2 Ferronickel output in May in China 21
5 Customs data 22
5.1 Chinese nickel ore import down by 10.83% in April MOM 22
5.2 Chinese refined nickel import up by 6.8% in April MOM 23
5.3 Top10 unrolled non-alloy nickel enterprises in China in April 23
5.4 Chinese ferronickel import import up by 27% in April MOM 27
6. Nickel industry developments 29
6.1 Lateritic nickel ore industry developments 29
6.1.1 Yangjiang Port is number four lateritic nickel ore import port in China. 29
6.1.2 The import of nickel ore volume increased by 27.5% to 505,158t in first quart in Japan 29
6.2 Nickel cathodes industry developments 29
6.2.1 Xinjiang Xinxin Mining Industry Co., Ltd will resume nickel cathode production in June 29
6.2.2 GALICO to produce nickel cathode, nickel sulfate and nickel oxide 30
6.2.3 Sichuan Ni&Co Guorun New Materials Co., Ltd increases nickel cathode output from this month 30
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 30
6.3 Ferronickel industrial developments 30
6.3.1 Yingkou Wanfa fireproof Co., Ltd is decreasing production of ferronickel 30
6.3.2 Yangzhou Yichuan Nickel Industry Co., Ltd will expand the production capacity of ferronickel 10%min in June 31
6.3.3 Sinosteel Group’s Zhongbao Nickel Industry plans to increase ferronickel output 31
6.3.4 Henan Yusheng Nickel Industry Co., Ltd. halted high-grade ferronickel 31
6.3.5 Yangjiang Shiji Qingshan Nickel Industry Co., Ltd., started full production 31
6.3.6 Fujian Liande Co., Ltd., plans to started operation for high-grade ferronickel 32
6.3.7 Shanxi Dakang Group reduced ferronickel 4-6% output in May 32
6.3.8 Shanxi Licheng Industry and Trade Co., Ltd. halted low-grade ferronickel 32
6.3.9 Shanxi Hengxin Hongxinyuan Electrometallurgy Co., Ltd. halted high-grade ferronickel production 32
6.3.10 Zhenshi Group Co., Ltd started to build ferronickel plant in North Maluku, Indonesia 32
6.3.11 Pingluo County Hengxin Metallurgy Co., Ltd. halted high-grade ferronickel output 33
6.3.12 Ningxia Hengshun Smelter Co., Ltd., reduced ferronickel 10%min production 33
7. Stainless steel industry developments 33
7.1 Stainless steel scrap 33
7.2 300 series stainless steel 33
8. Outlook for May 34
8.1 Lateritic nickel ore market outlook 34
8.2 Nickel cathodes market forecast 34
8.3 Ferronickel market outlook 34
8.4 Nickel salt market outlook 34
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 Major contracts prices of future crude oil in the US in May 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 May: RMB/t 12
Picture 6 Nickel cathodes of Jinchuan brand factory price 14
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 15
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 18
Picture 11 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 18
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 19
Picture 13 nickel sulfate price movement in May 20
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in May in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in April in China 22
Table 4: China Import statistics of nickel ore san and concentrate in April….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in April in China 28
Table 6China top 10 ferronickel import enterprises review in April 32
Table 7: China Import statistics of ferronickel in April……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in April………35
1. Financial overview 5
1.1 CPI increases by 2.4% year-on-year while PPI decreases by 2.6 year-on-year in April 5
1.2 PMI in May increases by 0.2% from April 6
2. International market review 7
2.1 International crude oil price sees fluctuation in May 7
2.2 US dollar index strongly rebounds 8
2.3 Nonferrous metals industry enters weak cycle 9
3. Global spot market review 10
3.1 Lateritic nickel ore market 10
3.2 Nickel cathodes market 13
3.3 Ferronickel market 15
3.4 Nickel sulfate market 19
4 Output in May 20
4.1 Nickel cathodes output 20
4.2 Ferronickel output in May in China 21
5 Customs data 22
5.1 Chinese nickel ore import down by 10.83% in April MOM 22
5.2 Chinese refined nickel import up by 6.8% in April MOM 23
5.3 Top10 unrolled non-alloy nickel enterprises in China in April 23
5.4 Chinese ferronickel import import up by 27% in April MOM 27
6. Nickel industry developments 29
6.1 Lateritic nickel ore industry developments 29
6.1.1 Yangjiang Port is number four lateritic nickel ore import port in China. 29
6.1.2 The import of nickel ore volume increased by 27.5% to 505,158t in first quart in Japan 29
6.2 Nickel cathodes industry developments 29
6.2.1 Xinjiang Xinxin Mining Industry Co., Ltd will resume nickel cathode production in June 29
6.2.2 GALICO to produce nickel cathode, nickel sulfate and nickel oxide 30
6.2.3 Sichuan Ni&Co Guorun New Materials Co., Ltd increases nickel cathode output from this month 30
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 30
6.3 Ferronickel industrial developments 30
6.3.1 Yingkou Wanfa fireproof Co., Ltd is decreasing production of ferronickel 30
6.3.2 Yangzhou Yichuan Nickel Industry Co., Ltd will expand the production capacity of ferronickel 10%min in June 31
6.3.3 Sinosteel Group’s Zhongbao Nickel Industry plans to increase ferronickel output 31
6.3.4 Henan Yusheng Nickel Industry Co., Ltd. halted high-grade ferronickel 31
6.3.5 Yangjiang Shiji Qingshan Nickel Industry Co., Ltd., started full production 31
6.3.6 Fujian Liande Co., Ltd., plans to started operation for high-grade ferronickel 32
6.3.7 Shanxi Dakang Group reduced ferronickel 4-6% output in May 32
6.3.8 Shanxi Licheng Industry and Trade Co., Ltd. halted low-grade ferronickel 32
6.3.9 Shanxi Hengxin Hongxinyuan Electrometallurgy Co., Ltd. halted high-grade ferronickel production 32
6.3.10 Zhenshi Group Co., Ltd started to build ferronickel plant in North Maluku, Indonesia 32
6.3.11 Pingluo County Hengxin Metallurgy Co., Ltd. halted high-grade ferronickel output 33
6.3.12 Ningxia Hengshun Smelter Co., Ltd., reduced ferronickel 10%min production 33
7. Stainless steel industry developments 33
7.1 Stainless steel scrap 33
7.2 300 series stainless steel 33
8. Outlook for May 34
8.1 Lateritic nickel ore market outlook 34
8.2 Nickel cathodes market forecast 34
8.3 Ferronickel market outlook 34
8.4 Nickel salt market outlook 34
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 Major contracts prices of future crude oil in the US in May 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 May: RMB/t 12
Picture 6 Nickel cathodes of Jinchuan brand factory price 14
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 15
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 18
Picture 11 Ex works price trend of ferronickel 4-6%min in China: RMB/mtu 18
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 19
Picture 13 nickel sulfate price movement in May 20
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in May in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in April in China 22
Table 4: China Import statistics of nickel ore san and concentrate in April….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in April in China 28
Table 6China top 10 ferronickel import enterprises review in April 32
Table 7: China Import statistics of ferronickel in April……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in April………35
