Nickel Market Report June 2014

Nickel Market R
Abstract 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.Asian Metal Copyright3 Huineng Group no plans to resume ferronickel production 37 8.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright2 International financial overview 6 1.Asian Metal Copyright5% and PPI down by 1.4% YOY in May 4
1.1.Asian Metal Copyright3 Ferronickel prices retreat further 12 3.Asian Metal Copyright2 PMI up by 0.2% in June 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices increase with fluctuations 6
1.2.2 US dollar index declines after skyrocketing 7
2. International market review 8
2.1 LME nickel prices oscillate 8
2.2 Import prices of lateritic nickel ore from Philippines decrease 8
3 Chinese domestic market review 9
3.1 Lateritic nickel ore prices decrease 9
3.2 Nickel cathodes prices fall 10
3.3 Ferronickel prices retreat further 12
3.4 Nickel sulfate prices decrease 14
4. Production data 16
4.1 Chinese nickel cathode output up by 8.5% MOM in June 16
4.2 Chinese ferronickel production down by 15.67% MOM in June 17
5. Lateritic nickel ore stocks in China’s main ports in June 18
6. Import data analysis 19
6.1 Chinese nickel ore imports up by 83.04% MOM in May 19
6.2 Chinese refined nickel and nickel alloy imports down by 37.42% MOM in May 28
6.3 Top 10 unrolled non-alloy nickel import enterprises in China in May 29
6.4 Chinese ferronickel imports down by 40.66% MOM in May 32
6.5 Chinese nickel powder imports up by 41.53% MOM in May 35
7. Company news 37
7.1 Shandong Weishan Fuxin Metallurgy resume production of ferronickel 37
7.2 Zhuozi Xiangyun Calcium Carbide halted ferronickel production 37
7.3 Huineng Group no plans to resume ferronickel production 37
8. Related industry developments 38
8.1 Stainless steel scrap 38
8.2 300 series stainless steel 38
9. Outlook for June 38
9.1 Lateritic nickel ore 38
9.2 Nickel cathodes 38
9.3 Ferronickel 39
9.4 Nickel salts 39

Picture
Picture 1 China's CPI and PPI trend in 2012-2014 5
Picture 2 PMI index of Chinese manufacturing industry 6
Picture 3 Crude oil futures prices trend in the US major transaction market in June 7
Picture 4 US dollar index trend 7
Picture 5 LME nickel cash price chart in June 8
Picture 6 Prices for lateritic nickel ore 1.8% FOB the Philippines in June 9
Picture 7 Prices for Chinese lateritic nickel ore 1.8% delivered-at-ports in June 10
Picture 8 Prices for nickel cathodes in June 10
Picture 9 Prices for nickel cathodes of Jinchuan brand on spot market in June 11
Picture 10 Prices for nickel of Norilsk brand on Chinese spot market in June 11
Picture 11 Prices for Nickel of Inco brand on Chinese spot market in June 12
Picture 12 Prices for ferronickel 10%min in China in June 13
Picture 13 Prices for ferronickel 4-6%min in China in June 14
Picture 14 Prices for ferronickel 7-9%min in China in June 14
Picture 15 Ex work prices for nickel sulfate of Jinchuan brand in June 15
Picture 16 Nickel sulfate prices of Jinchuan brand in June 15
Picture 17 Chinese nickel cathodes output in 2014 16
Picture 18 Chinese ferronickel output in 2014 18
Picture 19 Chinese nickel ore import in 2014 20
Picture 20 Chinese lateritic nickel ore import by region in 2014 20
Picture 21 Price trend of lateritic nickel ore 1.8%min FOB Philippines in May 2014 21
Picture 22 Ferronickel exporters to China in 2014 33
Picture 23 Chinese nickel powder import origins in 2014 36

Table
Table 1Ferronickel 10%min purchasing prices from some main stainless steel plants in June and July 12
Table 2Nickel cathodes outputs in China in June 16
Table 3Ferronickel outputs in June 18
Table 4 Lateritic nickel ore stocks on June 27,2014 19
Table 5 Chinese lateritic nickel ore imports in May 21
Table 6 Chinese top 10 import enterprises of nickel ore sand and nickel concentrate in May 22
Table 7 Chinese nickel ore sand and nickel concentrate (Hs Code: 26040000) imports in May 22
Table 8 Chinese refined nickel and nickel alloy imports in May 28
Table 9 Chinese top 10 unwrought non-alloy nickel import enterprises in May 29
Table 10 Chinese unwrought non-alloy nickel(Hs Code: 75021090) import enterprises in May 29
Table 13 Chinese top 10 ferronickel import enterprises in May 33
Table 14 Chinese ferronickel import enterprises in May 34
Table 15 Chinese nickel powder import origins in May 2014 35
Table 16 Chinese top 10 nickel powders & flakes import enterprises in May 36
Table 17 Chinese nickel powders & flakes (Hs Code: 75040010) import enterprises in May 36