Monthly Nickel Market Report May 2018

Contents

Market Highlights 2
1 Economy and Policy 2
2 Chinese market review 2
2.1 Prices for nickel cathodes goes up further 2
2.2 Ferronickel prices goes up 2
2.3 Prices for battery grade nickel sulfate up goes down further while the prices for electroplating grade nickel sulfate stabilizes 3
2.4 Spot lateritic nickel ore price goes up 3
3 International market review 4
3.1 LME nickel prices moves up further 4
3.2 Prices for high grade Philippine lateritic nickel ore moves up while for middle grade down further 4
4 Production and stocks data 5
4.1 Chinese nickel cathode output up by 7.5% MOM in May 5
4.2 Chinese ferronickel output up by 11.8% MOM in May 5
4.3 Chinese nickel sulfate output down by 2.9% MOM in May 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock down by 1.4% MOM in May 6
5 Company news 7
5.1 Shanwei Group halts ferronickel production 7
5.2 Chunfeng Casting Industry halts ferronickel production 7
5.3 Guorun Metal Group to resume ferronickel production 7
5.4 Tiancheng Holding to resume Mo-Ni mine operation when condition permits 7
6 Relevant Industry News 7
6.1 The subsidy polices of New energy automobile comes out in June 7
7 Market outlook 8
7.1 Nickel cathode 8
7.2 Ferronickel 8
7.3 Nickel sulfate 8
7.4 Lateritic nickel ore 8


GRAPHS

Graph 1 Jinchuan nickel cathode price in the Chinese spot market from Apr to May 2018 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from Apr to May 2018 (RMB/t) 2
Graph 3 Inco nickel prices in the Chinese spot market from Apr to May 2018 (RMB/t) 2
Graph 4 Delivered-to-plants prices for Chinese ferronickel 10%min from Apr to May 2018 (RMB/mtu) 3
Graph 5 Chinese ferronickel 1.5% EXW prices from Apr to May 2018 (RMB/t) 3
Graph 6 Chinese battery grade nickel sulfate prices Apr to May 2018 (RMB/t) 3
Graph 7 Chinese NCM 523 precursor prices from Apr to May 2018 (RMB/t) 3
Graph 8 Chinese electroplating grade nickel sulfate prices from Apr to May 2018 (RMB/t) 3
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from Apr to May 2018 (RMB/t) 4
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from Apr to May 2018 (RMB/t) 4
Graph 11 LME nickel prices from Apr to May 2018 (USD/t) 4
Graph 12 Stocks for LME nickel from Apr to May 2018 (t) 4
Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1.5% in China from Apr to May 2018 (USD/t) 4
Graph 14 CIF Prices for Philippine origin lateritic nickel ore 1.8% in China from Apr to May 2018 (USD/t) 5
Graph 15 Lateritic nickel ore stocks in China from Jan 2017 to May 2018 (kt) 6

Tables

Table 1 China's NCM precursor outputs by province (t) 6









.Asian Metal Copyright2 Chunfeng Casting Industry halts ferronickel production 7 5Asian Metal Copyright