Monthly Nickel Market Report Aug 2018

Contents

Market Highlights 2
1 Economy and Policy 2
2 Chinese market review 2
2.1 Prices for nickel cathodes goes down further 2
2.2 Ferronickel prices continuously goes up 2
2.3 Nickel sulfate price goes down 3
2.4 Prices for spot lateritic nickel ore moves down 3
3 International market review 4
3.1 LME nickel prices continuously goes down 4
3.2 Prices for Philippine lateritic nickel ore moves up 4
4 Production and stocks data 5
4.1 Chinese nickel cathode output down by 7.6% MOM in August 5
4.2 Chinese ferronickel output down by 59.4% MOM in August 5
4.3 Chinese nickel sulfate output up by 1.6% MOM in August 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock up by 16.6% MOM in August 6
5 Company news 6
5.2 Zhenshi Holding formally launches Weda Bay industrial park project in Indonesia 7
5.3 Jinhaihui Technology to reduce ferronickel output 7
5.4 Huade Tongsheng Ferroalloy halts ferronickel production 7
6 Relevant Industry News 7
6.1 The NCM precursor price continuously moves down 7
7 Market outlook 7
7.1 Nickel cathode 7
7.2 Ferronickel 7
7.3 Nickel sulfate 8
7.4 Lateritic nickel ore 8


GRAPHS

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

Tables

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









.Asian Metal Copyright5%min in ports from Jul to Aug 2018 RMBt 4 Graph 11 LME nickel prices from Jul to Aug 2018 USDt 4 Graph 12 Stocks for LME nickel from Jul to Aug 2018 t 4 Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1Asian Metal Copyright