Nickel Market Report February 2014
2014-03-14 10:29:13 【Print】
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Abstract 4
1 Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 4
1.1.2 PMI continues to fall in February 5
1.2 International financial review 6
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 6
1.2.2 US dollar index weakens unexpectedly 6
2 Chinese domestic market review 7
2.1 Lateritic nickel ore price keeps increasing 7
2.2 Nickel cathodes market moves down 8
2.3 Ferronickel market rebounds further 10
2.4 Nickel sulfate market retreats 12
3 International market review 13
3.1 LME nickel market rebounds 13
4 Production data 14
4.1 Chinese nickel cathodes output up by 9.78% MOM in February 14
4.2 Chinese ferronickel production down by 14.11% MOM in February 15
5 Lateritic nickel ore stocks in Chinese main ports in February 16
6 Import & Export data analysis 17
6.1 Chinese nickel ore import up by 12.65% MOM in January 17
6.2 Chinese refined nickel import up by 18.79% MOM in January 24
6.3 Top10 unrolled non-alloy nickel enterprises in China in January 25
6.4 Chinese ferronickel import up by 4.59% MOM in January 28
6.5 Chinese nickel powders & flakes import volume around 347 tons in January 31
7 Company news 33
7.1 Yunxi Group Yuanjiang Nickel Industry resumed nickel cathodes production on February 11 33
7.2 Ministry of Energy and Mineral Resources (ESDM) has not approved the 2014 work plan and budget (RKAB) proposed by PT Freeport Indonesia and PT Newmont Nusa Tenggara 33
7.3 Sinosteel Group’s Zhongbao Nickel Industry halted ferronickel production before the Spring Festival holiday 33
7.4 Jiangsu Xuzhou Jinxiang Metallurgical Co., Ltd reduced high-grade ferronickel production 33
7.5 Inner Mongolia Changsheng Nickel-Chromium Materials Co., Ltd halted ferronickel production again 34
8 Related industry developments 34
8.1 Stainless steel scrap 34
8.2 300 series stainless steel 34
9 Outlook for March 34
9.1 Lateritic nickel ore 34
9.2 Nickel cathodes 35
9.3 Ferronickel 35
9.4 Nickel salt 35
Picture
Picture 1 China’s CPI and PPI in 2011-2014 5
Picture 2 China’s manufacturing PMI in 2012-2014 5
Picture 3 Dominant force future prices of crude oil in US in February 6
Picture 4 US dollar index 7
Picture 5 Chinese lateritic nickel ore 1.8% delivered-at-ports price trend in February: RMB/t 8
Picture 6 Nickel cathodes of Jinchuan brand factory price in February 8
Picture 7 Nickel cathodes of Jinchuan brand price in spot market in February 9
Picture 8 Nickel of Norilsk brand price in Chinese spot market in February 9
Picture 9 Nickel of Inco brand price in Chinese spot market in February 10
Picture 10 The price of ferronickel 10%min in China in February: RMB/mtu 11
Picture 11 The price of ferronickel 4-6%min in China in February: RMB/mtu 12
Picture 12 The price of ferronickel 7-9%min in China in February: RMB/mtu 12
Picture 13 Nickel sulfate ex-factory price of Jinchuan brand movement in February 13
Picture 14 nickel sulfate price movement in February 13
Picture 15 LME nickel cash price chart in January (USD/t) 14
Table
Table 1 Ferronickel 10%min purchasing price from some mainly stainless steel plants in February and March 10
Table 2 Nickel cathodes output in February in China (Unit: ton) 15
Table 3 Ferronickel output in February 16
Table 4 Llateritic nickel ore stocks on February 28 17
Table 5 Top 10 import enterprises of nickel ore sand and nickel concentrate in January in China 17
Table 6 Nickel ore sand and nickel concentrate of Hs Code: 26040000 in January 18
Table 7 Top 10 unwrought non-alloy nickel import enterprises in January in China 25
Table 8 Unwrought non-alloy nickel of Hs Code: 75021090 in January 25
Table 9 The exporters of ferronickel to China in January 28
Table 10 China top ferronickel import enterprises review in January 29
Table 11 Import statistics of ferronickel from different nations in January 29
Table 12 China top nickel powders & flakes import enterprises review in January 32
Table 13 Nickel powders & flakes of Hs Code: 75040010 in January 32
1 Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 4
1.1.2 PMI continues to fall in February 5
1.2 International financial review 6
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 6
1.2.2 US dollar index weakens unexpectedly 6
2 Chinese domestic market review 7
2.1 Lateritic nickel ore price keeps increasing 7
2.2 Nickel cathodes market moves down 8
2.3 Ferronickel market rebounds further 10
2.4 Nickel sulfate market retreats 12
3 International market review 13
3.1 LME nickel market rebounds 13
4 Production data 14
4.1 Chinese nickel cathodes output up by 9.78% MOM in February 14
4.2 Chinese ferronickel production down by 14.11% MOM in February 15
5 Lateritic nickel ore stocks in Chinese main ports in February 16
6 Import & Export data analysis 17
6.1 Chinese nickel ore import up by 12.65% MOM in January 17
6.2 Chinese refined nickel import up by 18.79% MOM in January 24
6.3 Top10 unrolled non-alloy nickel enterprises in China in January 25
6.4 Chinese ferronickel import up by 4.59% MOM in January 28
6.5 Chinese nickel powders & flakes import volume around 347 tons in January 31
7 Company news 33
7.1 Yunxi Group Yuanjiang Nickel Industry resumed nickel cathodes production on February 11 33
7.2 Ministry of Energy and Mineral Resources (ESDM) has not approved the 2014 work plan and budget (RKAB) proposed by PT Freeport Indonesia and PT Newmont Nusa Tenggara 33
7.3 Sinosteel Group’s Zhongbao Nickel Industry halted ferronickel production before the Spring Festival holiday 33
7.4 Jiangsu Xuzhou Jinxiang Metallurgical Co., Ltd reduced high-grade ferronickel production 33
7.5 Inner Mongolia Changsheng Nickel-Chromium Materials Co., Ltd halted ferronickel production again 34
8 Related industry developments 34
8.1 Stainless steel scrap 34
8.2 300 series stainless steel 34
9 Outlook for March 34
9.1 Lateritic nickel ore 34
9.2 Nickel cathodes 35
9.3 Ferronickel 35
9.4 Nickel salt 35
Picture
Picture 1 China’s CPI and PPI in 2011-2014 5
Picture 2 China’s manufacturing PMI in 2012-2014 5
Picture 3 Dominant force future prices of crude oil in US in February 6
Picture 4 US dollar index 7
Picture 5 Chinese lateritic nickel ore 1.8% delivered-at-ports price trend in February: RMB/t 8
Picture 6 Nickel cathodes of Jinchuan brand factory price in February 8
Picture 7 Nickel cathodes of Jinchuan brand price in spot market in February 9
Picture 8 Nickel of Norilsk brand price in Chinese spot market in February 9
Picture 9 Nickel of Inco brand price in Chinese spot market in February 10
Picture 10 The price of ferronickel 10%min in China in February: RMB/mtu 11
Picture 11 The price of ferronickel 4-6%min in China in February: RMB/mtu 12
Picture 12 The price of ferronickel 7-9%min in China in February: RMB/mtu 12
Picture 13 Nickel sulfate ex-factory price of Jinchuan brand movement in February 13
Picture 14 nickel sulfate price movement in February 13
Picture 15 LME nickel cash price chart in January (USD/t) 14
Table
Table 1 Ferronickel 10%min purchasing price from some mainly stainless steel plants in February and March 10
Table 2 Nickel cathodes output in February in China (Unit: ton) 15
Table 3 Ferronickel output in February 16
Table 4 Llateritic nickel ore stocks on February 28 17
Table 5 Top 10 import enterprises of nickel ore sand and nickel concentrate in January in China 17
Table 6 Nickel ore sand and nickel concentrate of Hs Code: 26040000 in January 18
Table 7 Top 10 unwrought non-alloy nickel import enterprises in January in China 25
Table 8 Unwrought non-alloy nickel of Hs Code: 75021090 in January 25
Table 9 The exporters of ferronickel to China in January 28
Table 10 China top ferronickel import enterprises review in January 29
Table 11 Import statistics of ferronickel from different nations in January 29
Table 12 China top nickel powders & flakes import enterprises review in January 32
Table 13 Nickel powders & flakes of Hs Code: 75040010 in January 32
