Nickel Market Report June 2013
2013-07-18 18:57:49 【Print】
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Introduction 5
1. Financial overview 5
1.1 CPI up 2.1% PPI up 2.9% YOY in May 5
1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 6
2. International market review 6
2.1 Futures prices of crude oil pushed up by multiple positive news 6
2.2 US dollar index bottoms out 7
2.3 Liquidity crisis hits weak nonferrous metals market 8
3. Global spot market review 9
3.1 Lateritic nickel ore market 9
3.2 Nickel cathodes market 11
3.3 Ferronickel market 14
3.4 Nickel sulfate market 17
4 Output in June 19
4.1 Nickel cathodes output 19
4.2 Ferronickel output in June in China 19
5 Customs data 20
5.1 Chinese nickel ore import up by 29.06% in May MOM 20
5.2 Chinese refined nickel import down by 24.5% in May MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in May 21
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1Hanking increased nickel ore quantity of resource to 90,540,000t 27
6.1.2 Talvivaara plans to reduce the stafftrimmer around 250 to decrease production cost 27
6.2 Nickel cathodes industry developments 28
6.2.1 Yinyi to increase output of nickel cathode from July 28
6.2.2 Xinjiang metal halts production of nickel chloride 28
6.2.3 Jien Nickel Industry to delay resuming nickel cathode production 28
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 28
6.3 Ferronickel industrial developments 28
6.3.1 Inner Mongolia Heyi Nickel-Chromium Composite Material Co., Ltd will start high-grade ferronickel production on June 28. 28
6.3.2 Fujian Fuding City Maituo Nickel Alloy Co., Ltd., started pilot production for high-grade ferronickel. 29
6.3.3 Linyi Yichen Ni Chrome Alloy Co., Ltd will expand the production capacity of ferronickel 29
7. Stainless steel industry developments 29
7.1 Stainless steel scrap 29
7.2 300 series stainless steel 29
8. Outlook for May 30
8.1 Lateritic nickel ore market outlook 30
8.2 Nickel cathodes market forecast 30
8.3 Ferronickel market outlook 30
8.4 Nickel salt market outlook 31
Picture
Picture 1 Chart of CPI and PPI in China during 2011-2013 5
Picture 2 Chinese PMI chart during 2011-2013 6
Picture 3 Major contracts prices of future crude oil in the US in May 7
Picture 4 Chart of USD Index tendency 8
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in May: RMB/t 10
Picture 6 Nickel cathodes of Jinchuan brand factory price 12
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 13
Picture 8 Nickel of Norilsk brand price in Chinese spot market 13
Picture 9 Nickel of Inco brand price in Chinese spot market 14
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 May 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in June in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in May in China 22
Table 4: China Import statistics of nickel ore san and concentrate in May….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in May in China 28
Table 6China top 10 ferronickel import enterprises review in May 32
Table 7: China Import statistics of ferronickel in May……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in May………35
1. Financial overview 5
1.1 CPI up 2.1% PPI up 2.9% YOY in May 5
1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 6
2. International market review 6
2.1 Futures prices of crude oil pushed up by multiple positive news 6
2.2 US dollar index bottoms out 7
2.3 Liquidity crisis hits weak nonferrous metals market 8
3. Global spot market review 9
3.1 Lateritic nickel ore market 9
3.2 Nickel cathodes market 11
3.3 Ferronickel market 14
3.4 Nickel sulfate market 17
4 Output in June 19
4.1 Nickel cathodes output 19
4.2 Ferronickel output in June in China 19
5 Customs data 20
5.1 Chinese nickel ore import up by 29.06% in May MOM 20
5.2 Chinese refined nickel import down by 24.5% in May MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in May 21
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1Hanking increased nickel ore quantity of resource to 90,540,000t 27
6.1.2 Talvivaara plans to reduce the stafftrimmer around 250 to decrease production cost 27
6.2 Nickel cathodes industry developments 28
6.2.1 Yinyi to increase output of nickel cathode from July 28
6.2.2 Xinjiang metal halts production of nickel chloride 28
6.2.3 Jien Nickel Industry to delay resuming nickel cathode production 28
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 28
6.3 Ferronickel industrial developments 28
6.3.1 Inner Mongolia Heyi Nickel-Chromium Composite Material Co., Ltd will start high-grade ferronickel production on June 28. 28
6.3.2 Fujian Fuding City Maituo Nickel Alloy Co., Ltd., started pilot production for high-grade ferronickel. 29
6.3.3 Linyi Yichen Ni Chrome Alloy Co., Ltd will expand the production capacity of ferronickel 29
7. Stainless steel industry developments 29
7.1 Stainless steel scrap 29
7.2 300 series stainless steel 29
8. Outlook for May 30
8.1 Lateritic nickel ore market outlook 30
8.2 Nickel cathodes market forecast 30
8.3 Ferronickel market outlook 30
8.4 Nickel salt market outlook 31
Picture
Picture 1 Chart of CPI and PPI in China during 2011-2013 5
Picture 2 Chinese PMI chart during 2011-2013 6
Picture 3 Major contracts prices of future crude oil in the US in May 7
Picture 4 Chart of USD Index tendency 8
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in May: RMB/t 10
Picture 6 Nickel cathodes of Jinchuan brand factory price 12
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 13
Picture 8 Nickel of Norilsk brand price in Chinese spot market 13
Picture 9 Nickel of Inco brand price in Chinese spot market 14
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 May 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in June in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in May in China 22
Table 4: China Import statistics of nickel ore san and concentrate in May….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in May in China 28
Table 6China top 10 ferronickel import enterprises review in May 32
Table 7: China Import statistics of ferronickel in May……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in May………35
