Monthly Nickel Market Report Oct 2018

Contents

1. Market Highlights 2
2. Economy and Policy 2
2.1 Chinese Market 2
2.2 International Market 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Nickel cathode prices edge up 3
3.1.2 Battery grade nickel sulfate prices down 3
3.1.3 Lateritic nickel ore prices 4
3.1.4 Ferronickel prices up 4
3.2 International Market 5
3.2.1 LME nickel cathode prices 5
3.2.2 Philippine origin lateritic nickel ore CIF China prices down 5
4. Producers Statistics 6
4.1 China's nickel cathode output down by 21.4% MOM in Oct 6
4.2 China's nickel sulfate output down by 5.8% MOM in Oct 6
4.3 China's ferronickel output down by 41.9% YOY in Oct 6
4.4 Chinese ferronickel smelters' lateritic nickel ore stocks down by 32.6% YOY in late Oct 6
5. Company News 7
5.1 Huayi Chemical resumes nickel sulfate production 7
5.2 Huayou Cobalt to establish a subsidiary in Indonesia 7
5.3 Glencore: Nickel output expected to rise by 30% in following three years 7
6. Relevant Industry News 7
6.1 Ternary material and power battery market 7
6.2 Stainless steel market 7
7. Market Outlook for Next Month 7
7.1 Nickel Cathode 7
7.2 Nickel Sulfate 8
7.3 Ferronickel 8
7.4 Lateritic Nickel Ore 8





Graph contents

Graph 1 Price trend for Jinchuan nickel cathode 99.9%min from 1/9/2018 to 31/10/2018 (RMB/t) 2
Graph 2 Price trend for Norilsk nickel cathode 99.9%min from 1/9/2018 to 31/10/2018 (RMB/t) 3
Graph 3 Price trend for Inco nickel cathode 99.9%min from 1/9/2018 to 31/10/2018 (RMB/t) 3
Graph 4 Price trend for nickel sulfate (Ni 22%min, Co 0.4%max) from 1/9/2018 to 31/10/2018 (RMB/t) 3
Graph 5 Price trend for nickel sulfate (Ni 22%min, Co 0.05%max) from 1/9/2018 to 31/10/2018 (RMB/t) 3
Graph 6 Price trend for lateritic nickel ore 1.5%min at ports from 1/9/2018 to 31/10/2018 (RMB/t) 3
Graph 7 Price trend for lateritic nickel ore 1.8%min at ports from 1/9/2018 to 31/10/2018 (RMB/t) 4
Graph 8 Price trend for ferronickel 10%min from 1/9/2018 to 31/10/2018 (RMB/mtu, delivered) 4
Graph 9 Price trend for ferronickel 4%min from 1/9/2018 to 31/10/2018 (RMB/mtu, delivered) 4
Graph 10 Price trend for ferronickel 1.5%min from 1/9/2018 to 31/10/2018 (RMB/t, EXW) 4
Graph 11 Price trend for LME nickel cathode 99.9%min from 1/9/2018 to 31/10/2018 (USD/t) 5
Graph 12 Stocks for LME nickel cathode from 1/9/2018 to 31/10/2018 (ton) 5
Graph 13 CIF China price trend for Philippine origin lateritic nickel ore 1.5%min from 1/9/2018 to 31/10/2018 (USD/t) 5
Graph 14 CIF China price trend for Philippine origin lateritic nickel ore 1.8%min from 1/9/2018 to 31/10/2018 (USD/t) 5
Graph 15 China's monthly output for nickel cathode from Jan 2017 to Oct 2018 (ton) 5
Graph 16 China's monthly output for nickel sulfate from Jan 2017 to Oct 2018 (ton) 5
Graph 17 China's ferronickel output from Jan 2017 to Oct 2018 by month (kt) 6
Graph 18 China's monthly output for ferronickel from Jan 2017 to Oct 2018 by region (kt) 6
Graph 19 Chinese ferronickel smelters' lateritic nickel ore stocks from Jan 2017 to Oct 2018 by month (kt) 6
Graph 20 Chinese ferronickel smelters' stocks for lateritic nickel ore from Jan 2017 to Oct 2018 by region (kt) 6




.Asian Metal Copyright5%min from 192018 to 31102018 USDt 5 Graph 14 CIF China price trend for Philippine origin lateritic nickel ore 1Asian Metal Copyright