Monthly Nickel Market Report Feb 2020
2020-03-13 19:45:58 【Print】
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1. Market Highlights 4
2. Economy and Policy 4
2.1Chinese economy and policy 4
2.1.1China's official manufacturing PMI in February records 35.7% 4
2.2 International economy and policy 4
2.2.1 Indonesian official: Nickel ore output surges in 2019 4
2.2.2 China's nickel ore imports from Indonesia up by 72% YOY in 2019 4
2.2.3 Indonesia's 1st HPAL nickel plant could start commissioning in H2 2020 5
2.2.4 ESDM: NCP doesn't bring heavy influence on nickel mining 5
2.2.5 NDRC: Resumption restriction by rough approval procedure strictly prohibited 5
2.2.6 Indonesia expects delay to $11 bln nickel projects due to coronavirus outbreak 5
3. Chinese Market Movements 5
3.1 Chinese Market Movements 5
3.1.1Chinese nickel cathode prices fall 5
3.1.2 Nickel sulfate prices down 6
3.1.3 Lateritic nickel ore prices up 6
3.1.4 High grade ferronickel market prices decrease and low grade ferronickel prices stable 7
3.2 International Market Movements 7
3.2.1 LME nickel prices down 7
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 8
4.1 Chinese nickel cathode output up by 31.1% YOY in Feb 8
4.2 China's nickel sulfate output down by 30% MOM in Feb 8
4.3 30.9%China's ferronickel output down by 30.9% YOY in Feb 9
5. Review on company news 10
5.1Overseas news 10
6.1.1Sherritt reports nickel output of 33,108t at Moa JV in 2019 10
5.1.2Anglo American expects nickel output of 42,000-44,000t in 2020 10
5.1.3Glencore records lower nickel output in 2019 10
5.1.4Poseidon Nickel announces 106% increase in Silver Swan nickel reserves 10
5.1.5Pure Minerals acquires Sewa Bay Nickel Project 11
5.1.6Vale expects nickel output of 200-210 kt in 2020 11
5.1.7Norilsk Nickel's nickel output up by 5% YOY in 2019 11
5.1.8Chengtun Mining expects to put Indonesian nickel matter project into pilot production in Apr 11
5.1.9Tsingshan Steel's Indonesian industrial park to build two thermal power generation projects 11
5.1.10 Russia's nickel exports slightly down by 0.67% YOY in 2019 11
5.1.11Indonesia Jinchuan WP Company completes the ferronickel production task in February in advance 11
5.1.12BHP CEO says company needs more copper, nickel 12
5.1.13Russian PJSC MMC Norilsk Nickel's NORNICKEL Brand electrolytic nickel registered with SHFE 12
5.1.14 WBMS: Nickel market records deficit of 2.2 kt in 2019 12
5.1.15 INSG: global nickel market supply shortage records 30,400t in 2019 12
5.1.16Eramet: Indonesia's project to produce 3 million tons of nickel in 2020 12
5.1.17 Vale Indonesia's nickel in matte output down by 5.1% YOY in 2019 12
5.2 Domestic news 13
5.2.1GEM signs high-nickel precursor supply contract with a South Korean company 13
5.2.2Jinchuan Group's nickel production target overfulfilled in Jan 13
5.2.3Jinchuan Group's nickel chloride production line of high-end electroplating-purpose nickel salt project goes into operation 13
5.2.5Inner Mongolia Shangdu County Changsheng Ni Cr Material cuts ferronickel production 13
5.2.6Jilin Jien resumes nickel cathode production 13
5.2.7Jiangsu Lianyungang Port imports 13.5 million tons of lateritic nickel ore in 2019 13
6. Relevant Industry News 14
6.1 NCM and power battery market 14
6.2 Stainless steel market 14
7. Market Outlook for Next Month 14
2. Economy and Policy 4
2.1Chinese economy and policy 4
2.1.1China's official manufacturing PMI in February records 35.7% 4
2.2 International economy and policy 4
2.2.1 Indonesian official: Nickel ore output surges in 2019 4
2.2.2 China's nickel ore imports from Indonesia up by 72% YOY in 2019 4
2.2.3 Indonesia's 1st HPAL nickel plant could start commissioning in H2 2020 5
2.2.4 ESDM: NCP doesn't bring heavy influence on nickel mining 5
2.2.5 NDRC: Resumption restriction by rough approval procedure strictly prohibited 5
2.2.6 Indonesia expects delay to $11 bln nickel projects due to coronavirus outbreak 5
3. Chinese Market Movements 5
3.1 Chinese Market Movements 5
3.1.1Chinese nickel cathode prices fall 5
3.1.2 Nickel sulfate prices down 6
3.1.3 Lateritic nickel ore prices up 6
3.1.4 High grade ferronickel market prices decrease and low grade ferronickel prices stable 7
3.2 International Market Movements 7
3.2.1 LME nickel prices down 7
3.2.2 Imported lateritic nickel ore CIF China prices up 8
4. Producers Statistics 8
4.1 Chinese nickel cathode output up by 31.1% YOY in Feb 8
4.2 China's nickel sulfate output down by 30% MOM in Feb 8
4.3 30.9%China's ferronickel output down by 30.9% YOY in Feb 9
5. Review on company news 10
5.1Overseas news 10
6.1.1Sherritt reports nickel output of 33,108t at Moa JV in 2019 10
5.1.2Anglo American expects nickel output of 42,000-44,000t in 2020 10
5.1.3Glencore records lower nickel output in 2019 10
5.1.4Poseidon Nickel announces 106% increase in Silver Swan nickel reserves 10
5.1.5Pure Minerals acquires Sewa Bay Nickel Project 11
5.1.6Vale expects nickel output of 200-210 kt in 2020 11
5.1.7Norilsk Nickel's nickel output up by 5% YOY in 2019 11
5.1.8Chengtun Mining expects to put Indonesian nickel matter project into pilot production in Apr 11
5.1.9Tsingshan Steel's Indonesian industrial park to build two thermal power generation projects 11
5.1.10 Russia's nickel exports slightly down by 0.67% YOY in 2019 11
5.1.11Indonesia Jinchuan WP Company completes the ferronickel production task in February in advance 11
5.1.12BHP CEO says company needs more copper, nickel 12
5.1.13Russian PJSC MMC Norilsk Nickel's NORNICKEL Brand electrolytic nickel registered with SHFE 12
5.1.14 WBMS: Nickel market records deficit of 2.2 kt in 2019 12
5.1.15 INSG: global nickel market supply shortage records 30,400t in 2019 12
5.1.16Eramet: Indonesia's project to produce 3 million tons of nickel in 2020 12
5.1.17 Vale Indonesia's nickel in matte output down by 5.1% YOY in 2019 12
5.2 Domestic news 13
5.2.1GEM signs high-nickel precursor supply contract with a South Korean company 13
5.2.2Jinchuan Group's nickel production target overfulfilled in Jan 13
5.2.3Jinchuan Group's nickel chloride production line of high-end electroplating-purpose nickel salt project goes into operation 13
5.2.5Inner Mongolia Shangdu County Changsheng Ni Cr Material cuts ferronickel production 13
5.2.6Jilin Jien resumes nickel cathode production 13
5.2.7Jiangsu Lianyungang Port imports 13.5 million tons of lateritic nickel ore in 2019 13
6. Relevant Industry News 14
6.1 NCM and power battery market 14
6.2 Stainless steel market 14
7. Market Outlook for Next Month 14
