Monthly Nickel Market Report Oct 2020
2020-11-17 16:20:17 【Print】
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1. Market Highlights 4
2. Economy and Policy 4
2.1 NBS: China's PPI down by 2.1% YOY in Sep 4
2.2 Ministry of Finance: China issues local government bonds worth RMB5.68 trillion from Jan to Sep 4
2.3 MNR releases China Mining Resources Report 2020 4
3. Market Movements 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode price up 4
3.1.2 Nickel sulfate transactions sluggish 5
3.1.3 Lateritic nickel ore prices up 5
3.1.4 Ferronickel market transactions limited 6
3.2 International Market Movements 6
3.2.1 Indonesia sees China firms lead 'commitment' for $35b nickel investments 6
3.2.2 INSG: Global nickel demand expected to increase to 2.52 million tons in 2021 6
3.2.3 Indonesia to create firm to build up electric vehicle battery industry 6
3.2.4 LME nickel prices upward 6
3.2.4 Imported lateritic nickel ore prices higher 7
4. Producers Statistics 7
4.1 AM Stats: Chinese refined nickel producers' output down by 8.2% YOY in Oct 7
4.2 AM Stats: Chinese nickel sulfate producers' output up by 8.5% YOY in Oct 8
4.3 AM Stats: Chinese ferronickel producers' output down by 34.4% YOY in Oct 9
5. Import and Export Statistics 10
5.1 China's ferronickel imports up by 63% YOY in Sep 10
5.2 China's nickel sulfate imports soaring by 16 times MOM in Sep 10
5.3 China's refined nickel imports up by 26.2% MOM in Sep 11
6. Review on company news 11
6.1 JISCO Hongxing Stainless Steel produces industrial pure nickel coil 11
6.2 BHP delays nickel sulfate output to middle of next year 11
6.3 Beixin New Energy to increase production of battery grade nickel sulfate 11
6.4 Fujian Liande completes overhaul of ferronickel production lines 12
6.5 Glencore in nickel supply talks with carmakers and battery makers 12
6.6 Hongxin Mining plans to start nickel concentrate production 12
6.7 Ganzhou Zhonghuan Tongcheng Metal not to resume production of nickel sulfate within 2020 12
6.8 Antam mulls boosting stake in PT Weda Bay Nickel 12
6.9 Guangxi Yinyi increases nickel sulfate output 12
6.10 Nickel Asia suspends operations at mine after COVID-19 outbreak 12
6.11 Jiangxi Tianqi Jintaige reduces nickel sulfate output 13
7. Market Outlook for Next Month 13
7.1 NCM and power battery market 13
7.2 Stainless steel market 13
8. Market Outlook for Next Month 13
8.1 Chinese brand nickel cathode EXW China 13
8.2 Norislk Nickel Cathode 99.96%min Spot material China 13
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 13
8.4 Electroplating grade nickel sulfate Ni22%minCo 0.05%max EXW China 13
8.5 High grade ferronickel 10%min EXW China 13
8.6 Low grade ferronickel 1.5%min EXW China 13
8.7 Philippine middle grade ferronickel 1.5%min spot material at port 13
8.8 Philippine high grade ferronickel 1.8%min spot material at port 13
8.9 Philippine middle grade lateritic nickel ore 1.5%min CIF China 13
8.10 Philippine high grade lateritic nickel ore 1.8%min CIF China 13
2. Economy and Policy 4
2.1 NBS: China's PPI down by 2.1% YOY in Sep 4
2.2 Ministry of Finance: China issues local government bonds worth RMB5.68 trillion from Jan to Sep 4
2.3 MNR releases China Mining Resources Report 2020 4
3. Market Movements 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode price up 4
3.1.2 Nickel sulfate transactions sluggish 5
3.1.3 Lateritic nickel ore prices up 5
3.1.4 Ferronickel market transactions limited 6
3.2 International Market Movements 6
3.2.1 Indonesia sees China firms lead 'commitment' for $35b nickel investments 6
3.2.2 INSG: Global nickel demand expected to increase to 2.52 million tons in 2021 6
3.2.3 Indonesia to create firm to build up electric vehicle battery industry 6
3.2.4 LME nickel prices upward 6
3.2.4 Imported lateritic nickel ore prices higher 7
4. Producers Statistics 7
4.1 AM Stats: Chinese refined nickel producers' output down by 8.2% YOY in Oct 7
4.2 AM Stats: Chinese nickel sulfate producers' output up by 8.5% YOY in Oct 8
4.3 AM Stats: Chinese ferronickel producers' output down by 34.4% YOY in Oct 9
5. Import and Export Statistics 10
5.1 China's ferronickel imports up by 63% YOY in Sep 10
5.2 China's nickel sulfate imports soaring by 16 times MOM in Sep 10
5.3 China's refined nickel imports up by 26.2% MOM in Sep 11
6. Review on company news 11
6.1 JISCO Hongxing Stainless Steel produces industrial pure nickel coil 11
6.2 BHP delays nickel sulfate output to middle of next year 11
6.3 Beixin New Energy to increase production of battery grade nickel sulfate 11
6.4 Fujian Liande completes overhaul of ferronickel production lines 12
6.5 Glencore in nickel supply talks with carmakers and battery makers 12
6.6 Hongxin Mining plans to start nickel concentrate production 12
6.7 Ganzhou Zhonghuan Tongcheng Metal not to resume production of nickel sulfate within 2020 12
6.8 Antam mulls boosting stake in PT Weda Bay Nickel 12
6.9 Guangxi Yinyi increases nickel sulfate output 12
6.10 Nickel Asia suspends operations at mine after COVID-19 outbreak 12
6.11 Jiangxi Tianqi Jintaige reduces nickel sulfate output 13
7. Market Outlook for Next Month 13
7.1 NCM and power battery market 13
7.2 Stainless steel market 13
8. Market Outlook for Next Month 13
8.1 Chinese brand nickel cathode EXW China 13
8.2 Norislk Nickel Cathode 99.96%min Spot material China 13
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 13
8.4 Electroplating grade nickel sulfate Ni22%minCo 0.05%max EXW China 13
8.5 High grade ferronickel 10%min EXW China 13
8.6 Low grade ferronickel 1.5%min EXW China 13
8.7 Philippine middle grade ferronickel 1.5%min spot material at port 13
8.8 Philippine high grade ferronickel 1.8%min spot material at port 13
8.9 Philippine middle grade lateritic nickel ore 1.5%min CIF China 13
8.10 Philippine high grade lateritic nickel ore 1.8%min CIF China 13
