Nickel Market Report July 2013
2013-08-12 18:20:37 【Print】
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Introduction 5
1. Financial overview 5
1.1 CPI up by 2.7% and PPI down by 2.7% YOY in June 5
1.2 PMI up slightly by 50.3% in July 6
2. International market review 7
2.1 Crude oil prices up with turbulent political scene in Egypt 7
2.2 US dollar index fell back 8
2.3 Nonferrous metals prices hovered at lowest level and to rebound soon 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 18
4 Output in July 20
4.1 Nickel cathodes output 20
4.2 Ferronickel output in July in China 21
5 Customs data 21
5.1 Chinese nickel ore import down by 14.79% in Jun MOM 21
5.2 Chinese refined nickel import down by 6.4% in June MOM 22
5.3 Top10 unrolled non-alloy nickel enterprises in China in June 23
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 Staff at SLN’s nickel plant in New Caledonia’s capital Noumea have been evacuated after a fire at the facility. 28
6.1.2 Geovic Mining Corp. ("Geovic" or "the Company"), on behalf of its 60.5%-owned subsidiary Geovic Cameroon Plc ("Geovic Cameroon"), is pleased to announce that it has agreed to the terms and conditions of a Definitive Agreement ("DA") with Jiangxi Rare Metals Tungsten Holdings Group Company Ltd ("JXTC") of Nanchang, Jiangxi Province, China. 29
6.2 Nickel cathodes industry developments 29
6.2.1 Yinyi to increase output of nickel cathode from July 29
6.2.2 Xinjiang metal halts production of nickel chloride 29
6.2.3 Jien Nickel Industry to delay resuming nickel cathode production 29
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 29
6.3 Ferronickel industrial developments 30
6.3.1 Sinosteel Group’s Zhongbao Nickel Industry plans to resume ferronickel output 30
6.3.2 Shandong Yuansheng Cast Co., Ltd transferred low-grade ferronickel production to middle-grade ferronickel production 30
6.3.3 Fujian Jinhui Special Alloy Co., Ltd transferred ferronickel production to ferrochrome 30
7. Stainless steel industry developments 31
7.1 Stainless steel scrap 31
7.2 300 series stainless steel 31
8. Outlook for May 31
8.1 Lateritic nickel ore market outlook 31
8.2 Nickel cathodes market forecast 31
8.3 Ferronickel market outlook 32
8.4 Nickel salt market outlook 32
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 July: 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 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 18
Picture 13 nickel sulfate price movement in June 20
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in July in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in June in China 22
Table 4: China Import statistics of nickel ore san and concentrate in June….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in June in China 28
Table 6China top 10 ferronickel import enterprises review in June 32
Table 7: China Import statistics of ferronickel in June……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in June………35
1. Financial overview 5
1.1 CPI up by 2.7% and PPI down by 2.7% YOY in June 5
1.2 PMI up slightly by 50.3% in July 6
2. International market review 7
2.1 Crude oil prices up with turbulent political scene in Egypt 7
2.2 US dollar index fell back 8
2.3 Nonferrous metals prices hovered at lowest level and to rebound soon 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 18
4 Output in July 20
4.1 Nickel cathodes output 20
4.2 Ferronickel output in July in China 21
5 Customs data 21
5.1 Chinese nickel ore import down by 14.79% in Jun MOM 21
5.2 Chinese refined nickel import down by 6.4% in June MOM 22
5.3 Top10 unrolled non-alloy nickel enterprises in China in June 23
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 Staff at SLN’s nickel plant in New Caledonia’s capital Noumea have been evacuated after a fire at the facility. 28
6.1.2 Geovic Mining Corp. ("Geovic" or "the Company"), on behalf of its 60.5%-owned subsidiary Geovic Cameroon Plc ("Geovic Cameroon"), is pleased to announce that it has agreed to the terms and conditions of a Definitive Agreement ("DA") with Jiangxi Rare Metals Tungsten Holdings Group Company Ltd ("JXTC") of Nanchang, Jiangxi Province, China. 29
6.2 Nickel cathodes industry developments 29
6.2.1 Yinyi to increase output of nickel cathode from July 29
6.2.2 Xinjiang metal halts production of nickel chloride 29
6.2.3 Jien Nickel Industry to delay resuming nickel cathode production 29
6.2.4 CN New Material Technology to increase nickel sulfate per month output by 100 tons 29
6.3 Ferronickel industrial developments 30
6.3.1 Sinosteel Group’s Zhongbao Nickel Industry plans to resume ferronickel output 30
6.3.2 Shandong Yuansheng Cast Co., Ltd transferred low-grade ferronickel production to middle-grade ferronickel production 30
6.3.3 Fujian Jinhui Special Alloy Co., Ltd transferred ferronickel production to ferrochrome 30
7. Stainless steel industry developments 31
7.1 Stainless steel scrap 31
7.2 300 series stainless steel 31
8. Outlook for May 31
8.1 Lateritic nickel ore market outlook 31
8.2 Nickel cathodes market forecast 31
8.3 Ferronickel market outlook 32
8.4 Nickel salt market outlook 32
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 July: 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 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 18
Picture 13 nickel sulfate price movement in June 20
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 nickel cathodes output in July in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in June in China 22
Table 4: China Import statistics of nickel ore san and concentrate in June….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in June in China 28
Table 6China top 10 ferronickel import enterprises review in June 32
Table 7: China Import statistics of ferronickel in June……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in June………35
