Monthly Nickel Market Report Apr 2018

Contents

Abstract 1
1 Company news 1
1.1 Xingda Magnet Material to delay resuming production in June 1
1.2 Xinheli Metallurgical resumes ferronickel production 1
1.3 Xuhong Machinery closes ferronickel production 1
2 Chinese market review 1
2.1 Prices for nickel cathodes move up 1
2.2 Ferronickel prices goes down 2
2.3 Prices for battery grade nickel sulfate up goes down while the prices for electroplating grade nickel sulfate stabilizes
2.4 Spot lateritic nickel ore price goes down 3
3 International market review 4
3.1 LME nickel prices goes up 4
3.2 Prices for Philippine lateritic nickel ore moves down further 4
4 Production and stocks data 5
4.1 Chinese nickel cathode output down by 9.1% MOM in April 5
4.2 Chinese ferronickel output down by 7.4% MOM in April 5
4.3 Chinese nickel sulfate output down by 5.6% MOM in April 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock up by 18% MOM in April 6
5 Analysis on Import and export data 6
5.1 China's refined nickel and nickel alloy imports up by 19.3% MOM in March 6
5.2 China's ferronickel imports down by 30.8% MOM in March 8
5.3 Chinese lateritic nickel ore imports up by 90.Asian Metal Copyright4 Chinese ferronickel smelter lateritic nickel ore stock up by 18% MOM in April 6 5 Analysis on Import and export data 6 5.Asian Metal Copyright9.3% MOM in March 9
5.4 China's nickel hydrometallurgy intermediates imports up by 10.2% MOM in March 10
6 Market outlook 11
6.1 Nickel cathode 11
6.2 Ferronickel 11
6.3 Nickel sulfate 11
6.4 Lateritic nickel ore 12


GRAPHS

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

Tables

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









.Asian Metal Copyright3% MOM in March 6 5Asian Metal Copyright