Nickel Market Report August 2013
2013-09-13 15:16:12 【Print】
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Introduction 4
1. Financial overview 4
1.1 CPI up by 2 . 7% while PPI down by 2.3% Y-O-Y in July 4
1.2 PMI increased further to 51.0% 5
2. International market review 6
2.1 Crude oil prices to go up with volatile situation in Syria 6
2.2 USD index fluctuate slightly 7
3. Global spot market review 8
3.1 Lateritic nickel ore market 8
3.2 Nickel cathodes market 11
3.3 Ferronickel market 13
3.4 Nickel sulfate market 16
4 Output in August 18
4.1 Nickel cathodes output 18
4.2 Ferronickel output in August in China 18
5 Customs data 19
5.1 Chinese nickel ore import up by 20.87% in Jul MOM 19
5.2 Chinese refined nickel import up by 59.9% in July MOM 20
5.3 Top10 unrolled non-alloy nickel enterprises in China in June 20
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1 Find large nickel-copper-co mine in Qinghai 27
6.2 Nickel cathodes industry developments 27
6.2.1 Yinyi produces 33 tons of nickel cathode per day from August 27
6.2.2 Yuanjiang nickel plans to halt nickel cathode production in mid August 27
6.2.3 Huaze Nickel &Cobalt resumes production in early August 27
6.3 Ferronickel industrial developments 28
6.3 . 1 Jiangsu Hongfeng New Material Co., Ltd plans to start high-grade ferronickel production 28
6.3 . 2 Bayan Nur City Agricultural Reclamation Hongtong Reduced Iron Co . , Ltd plans to start high-grade ferronickel production in early September. 28
6.3 . 3 Inner Mongolia Changsheng Nickel-Chromium Materials Co . , Ltd . plans to resume ferronickel production next month. 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 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 August: RMB/t 10
Picture 6 Nickel cathodes of Jinchuan brand factory price 12
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 12
Picture 8 Nickel of Norilsk brand price in Chinese spot market 13
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 16
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 16
Picture 13 nickel sulfate price movement in June 17
Table
Table 1 Inventory quantity and vessel mooring situation 9
Table 2 nickel cathodes output in August in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in July in China 22
Table 4: China Import statistics of nickel ore san and concentrate in July….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in July in China 28
Table 6China top 10 ferronickel import enterprises review in July 32
Table 7: China Import statistics of ferronickel in July……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in July………35
1. Financial overview 4
1.1 CPI up by 2 . 7% while PPI down by 2.3% Y-O-Y in July 4
1.2 PMI increased further to 51.0% 5
2. International market review 6
2.1 Crude oil prices to go up with volatile situation in Syria 6
2.2 USD index fluctuate slightly 7
3. Global spot market review 8
3.1 Lateritic nickel ore market 8
3.2 Nickel cathodes market 11
3.3 Ferronickel market 13
3.4 Nickel sulfate market 16
4 Output in August 18
4.1 Nickel cathodes output 18
4.2 Ferronickel output in August in China 18
5 Customs data 19
5.1 Chinese nickel ore import up by 20.87% in Jul MOM 19
5.2 Chinese refined nickel import up by 59.9% in July MOM 20
5.3 Top10 unrolled non-alloy nickel enterprises in China in June 20
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1 Find large nickel-copper-co mine in Qinghai 27
6.2 Nickel cathodes industry developments 27
6.2.1 Yinyi produces 33 tons of nickel cathode per day from August 27
6.2.2 Yuanjiang nickel plans to halt nickel cathode production in mid August 27
6.2.3 Huaze Nickel &Cobalt resumes production in early August 27
6.3 Ferronickel industrial developments 28
6.3 . 1 Jiangsu Hongfeng New Material Co., Ltd plans to start high-grade ferronickel production 28
6.3 . 2 Bayan Nur City Agricultural Reclamation Hongtong Reduced Iron Co . , Ltd plans to start high-grade ferronickel production in early September. 28
6.3 . 3 Inner Mongolia Changsheng Nickel-Chromium Materials Co . , Ltd . plans to resume ferronickel production next month. 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 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 August: RMB/t 10
Picture 6 Nickel cathodes of Jinchuan brand factory price 12
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 12
Picture 8 Nickel of Norilsk brand price in Chinese spot market 13
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 16
Picture 12 Ex works price trend of ferronickel 7-9%min in China: RMB/mtu 16
Picture 13 nickel sulfate price movement in June 17
Table
Table 1 Inventory quantity and vessel mooring situation 9
Table 2 nickel cathodes output in August in China .21
Table 3 Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in July in China 22
Table 4: China Import statistics of nickel ore san and concentrate in July….23
Table 5 Top 10 unwrought non-alloy nickel import enterprises in July in China 28
Table 6China top 10 ferronickel import enterprises review in July 32
Table 7: China Import statistics of ferronickel in July……………………….33
Table 8 China top 10 nickel sulfate import enterprises review in July………35