Monthly Nickel Market Report Feb 2018

Contents

Abstract 1
1 Company news 1
1.1 Sanxing Casting halts ferronickel production 1
1.2 Shanwei Group closes ferronickel production 1
1.3 Tianyi Metal halts ferronickel production 1
2 Chinese market review 1
2.1 Prices for nickel cathodes move up 1
2.2 Ferronickel prices continuously goes down 2
2.3 Prices for nickel sulfate rises up 3
2.4 Spot lateritic nickel ore price goes down 3
3 International market review 4
3.1 LME nickel prices up first then down 4
3.2 Prices for Philippine lateritic nickel ore moves down 4
4 Production and stocks data 5
4.1 Chinese nickel cathode output down by 15.5% MOM in February 5
4.2 Chinese ferronickel output down by 13.1% MOM in February 5
4.3 Chinese nickel sulfate output down by 17.1% MOM in February 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock down by 19.9% MOM in February 6
5 Analysis on Import and export data 7
5.1 China's refined nickel and nickel alloy imports down by 41.1% MOM in January 7
5.2 China's ferronickel imports down by 5.9% MOM in January 8
5.3 Chinese lateritic nickel ore imports down by 18% MOM in January 9
5.4 China's nickel hydrometallurgy intermediates imports down by 16.3% MOM in January 11
6 Market outlook 12
6.1 Nickel cathode 12
6.1 Nickel cathode 12
6.2 Ferronickel 12
6.3 Nickel sulfate 12
6.4 Lateritic nickel ore 12


GRAPHS

Graph 1 Jinchuan nickel cathode price in the Chinese spot market from Jan to Feb 2018 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from Jan to Feb 2018 (RMB/t) 2
Graph 3 Inco nickel prices in the Chinese spot market from Jan to Feb 2018 (RMB/t) 2
Graph 4 Delivered-to-plants prices for Chinese ferronickel 10%min from Jan to Feb 2018 (RMB/mtu) 2
Graph 5 Chinese ferronickel 1.5% EXW prices from Jan to Feb 2018 (RMB/t) 3
Graph 6 Chinese battery grade nickel sulfate prices F Jan to Feb 2018 (RMB/t) 3
Graph 7 Chinese NCM 523 precursor prices from Jan to Feb 2018 (RMB/t) 3
Graph 8 Chinese electroplating grade nickel sulfate prices from Jan to Feb 2018 (RMB/t) 3
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from Jan to Feb 2018 (RMB/t) 3
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from Jan to Feb 2018 (RMB/t) 4
Graph 11 LME nickel prices from Jan to Feb 2018 (USD/t) 4
Graph 12 Stocks for LME nickel from Jan to Feb 2018 (t) 4
Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1.5% in China from Jan to Feb 2018 (USD/t) 4
Graph 14 CIF Prices for Philippine origin lateritic nickel ore 1.8% in China from Jan to Feb 2018 (USD/t) 5
Graph 15 Lateritic nickel ore stocks in China from Jan 2016 to October 2017 (kt) 6
Graph 16 China's monthly imports for refined nickel from Jan 2017 to Jan 2018 (t) 7
Graph 17 China's monthly imports for refined nickel by country from Jan 2017 to Jan 2018 (t) 7
Graph 18 China's monthly imports for Philippines origin lateritic nickel ore from Jan 2017 to Jan 2018 (10kt) 10
Graph 19 China's monthly imports for nickel hydrometallurgy intermediates from Jan 2017 to Jan 2018 (t) 11

Tables

Table 1 China's NCM precursor outputs by province (t) 6
Table 2 China's refined nickel imports in Jan 7
Table 3 China's top 10 importers for refined nickel in Jan 8
Table 4 China's imports for ferronickel in January 2017 9
Table 5 China's top 5 ferronickel importers in Jan 9
Table 6 China's imports for nickel ore in Jan 10
Table 7 China's top 10 importers for nickel ore in Jan 10
Table 8 Top five Chinese importers of nickel hydrometallurgy intermediates in Jan 11









.Asian Metal Copyright1 China's refined nickel and nickel alloy imports down by 41Asian Metal Copyright