Nickel Market Report May 2016

Catalogue
Abstract 1
1. Company news 1
1.2 Shangtai Industry plans to start produce stainless steel in late May 1
1.3 Hunan Hina predicts 23% growth for ternary material precursor output in June 1
2. Domestic market review 2
2.1. Nickel cathode prices continue to drop 2
2.2 Ferronickel prices head for different directions 2
2.3 Nickel sulfate prices slipped slightly 3
2.4 Lateritic nickel ore prices unchanged in the ports 3
3 International market review 4
3.1 LME nickel prices drop significantly 4
3.2 Philippine lateritic nickel ore prices contracts slightly 4
4 Production and stocks data 5
4.1 China May output for nickel cathode down 6% MOM 5
4.2 Chinese nickel sulfate output up by 4% MOM in May 6
4.3 Chinese lateritic nickel ore stocks down by 23.2% MOM in late May 6
5 Import data analysis 7
5.1 Chinese refined nickel imports up by 14.3% MOM in April 7
5.2 China’s ferronickel imports up by 58.8% MOM in April 8
5.3 China’s imports for intermediate products of hydrometallurgical nickel up by 70.6% MOM in April 9
5.4 Chinese lateritic nickel ore imports down by 8.3% MOM in April 10
6 Market outlook 11
6.1Nickel cathode 11
6.2 Ferronickel 11
6.3 Nickel salt 11
6.4 Lateritic nickel ore 12

Graph Catalog
Graph 1 Jinchuan nickel cathode price in the spot market from April to May 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from April to May 2
Graph 3 Inco nickel prices in the Chinese spot market from April to May 2
Graph 4 Chinese ferronickel 10%min prices from April to May 3
Graph 5 Chinese ferronickel 1.5% prices from April to May 3
Graph 6 Chinese nickel sulfate 21%min prices from April to May 3
Graph 7 Chinese nickel sulfate 22%min prices from April to May 3
Graph 8 Chinese lateritic nickel ore 1.8% prices in the ports from April to May 4
Graph 9 Chinese lateritic nickel ore 1.5% prices in the ports from April to May 4
Graph 10 LME nickel cash settlement from April to May 4
Graph 11 LME nickel stocks from April to May 4
Graph 12 Prices for Philippine lateritic nickel ore 1.5% on CIF China basis from April to May 5
Graph 13 Prices for Philippine lateritic nickel ore 1.8% on CIF China basis from April to May 5
Graph 14 China nickel cathode output by month from Jan. 2015 to May 2016 5
Graph 15 China output for nickel cathode by month and province from Jan. 2015 to May 2016 5
Graph 16 Chinese nickel sulfate output by month from Jan. 2015 to May 2016 6
Graph 17 Chinese lateritic nickel ore stocks by month from Jan. 2015 to May 2016 6
Graph 18 Lateritic nickel ore stocks of producers and traders from Jan. 2015 to May 2016 7
Graph 19 Chinese refined nickel imports by month from Jan. 2015 to Apr. 2016 7
Graph 20 Chinese monthly refined nickel imports by country from Jan. 2015 to Apr. 2016 7
Graph 21 China’s ferronickel imports by month from Jan. 2015 to Apr. 2016 8
Graph 22 China’s ferronickel imports from different countries by month from Jan. 2015 to Apr. 2016 9
Graph 23 China’s imports for intermediate products of hydrometallurgical nickel by month from Jan. 2015 to Apr. 2016 10
Graph 24 China’s imports for intermediate products of hydrometallurgical nickel by country from Jan. 2015 to Apr. 2016 10
Graph 25 Lateritic nickel ore imports by month in China from Jan. 2015 to Apr. 2016 11
Graph 26 Imports of Philippine-origin lateritic nickel ore in China from Jan. 2015 to Apr. 2016 11

Table Catalog
Table 1 Imports for refined nickel during April in China 8
Table 2 Top ten refined nickel importers in April 2016 8
Table 3 China’s ferronickel imports in April 9
Table 4 Top ten ferronickel importers in Mar. 2016 9
Table 5 Top ten Chinese nickel intermediate products importers in April 10
Table 6 Imports of lateritic nickel ore during April in China 11
.Asian Metal Copyright3% MOM in April 10 6 Market outlook 11 6Asian Metal Copyright