Monthly Nickel Market Report Jun 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 goes up while the price for electroplating grade nickel sulfate still stable 3
2.4 Spot high grade lateritic nickel ore price goes up while the spot price of middle grade nickel ore stable 3
3 International market review 4
3.1 LME nickel prices moves down 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 down by 3.9% MOM in June 5
4.2 Chinese ferronickel output down by 36.9% MOM in June 5
4.3 Chinese nickel sulfate output UP by 4.5% MOM in June 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock down by 11.4% MOM in June 6
5 Company news 7
5.1 Xinheli Metallurgical halts ferronickel production 7
5.2 Indonesia Tsingshan's 3rd stainless steel project comes on stream 7
5.3 Rongyang Iron and Steel halts ferronickel production 7
5.4 Xinxing Ductile Iron Pipes to invest in MSP 2nd phase ferronickel project 7
6 Relevant Industry News 7
6.1 The subsidy polices of New energy automobile carried 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 May to Jun 2018 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from May to Jun 2018 (RMB/t) 2
Graph 3 Inco nickel prices in the Chinese spot market from May to Jun 2018 (RMB/t) 2
Graph 4 Delivered-to-plants prices for Chinese ferronickel 10%min from May to Jun 2018 (RMB/mtu) 3
Graph 5 Chinese ferronickel 1.5% EXW prices from May to Jun 2018 (RMB/t) 3
Graph 6 Chinese battery grade nickel sulfate prices May to Jun 2018 (RMB/t) 3
Graph 7 Chinese NCM 523 precursor prices from May to Jun 2018 (RMB/t) 3
Graph 8 Chinese electroplating grade nickel sulfate prices from May to Jun 2018 (RMB/t) 3
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from May to Jun 2018 (RMB/t) 4
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from May to Jun 2018 (RMB/t) 4
Graph 11 LME nickel prices from May to Jun 2018 (USD/t) 4
Graph 12 Stocks for LME nickel from May to Jun 2018 (t) 4
Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1.5% in China from May to Jun 2018 (USD/t) 4
Graph 14 CIF Prices for Philippine origin lateritic nickel ore 1.8% in China from May to Jun 2018 (USD/t) 5
Graph 15 Lateritic nickel ore stocks in China from Jan 2017 to Jun 2018 (kt) 6

Tables

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









.Asian Metal Copyright3 Chinese nickel sulfate output UP by 4Asian Metal Copyright