Monthly Nickel Market Report Mar 2021
2021-04-13 17:53:48 【Print】
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Monthly Nickel Market Report Mar 2021 1
Content 1
1. Market Highlights 3
2. Economy and Policy 3
2.1 China's manufacturing PMI down MOM in Feb 3
2.2 Ministry of Commerce: China's foreign trade and foreign investment situation in 2021 still grim and complicated 3
2.3 NBS: Ten non-ferrous metals' output up by 10.6% YOY in Jan-Feb 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min Chinese port 3
3.1.3 Nickel sulfate Ni22%minCo 0.4%max delivered China 3
3.1.4 Electroplating grade nickel sulfate EXW China 5
3.1.5 Lateritic nickel ore 1.5%min prices Chinese port 4
3.1.6 Philippine lateritic nickel ore 1.8%min Chinese port 4
3.1.7 Ferronickel 10%min EXW China 4
3.1.8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 LME nickel prices up 5
3.2.2 Imported lateritic nickel ore prices CIF China 5
3.2.3 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Producers Statistics 6
4.1 High Tide advances its Lac Pegma copper-nickel-cobalt deposit 6
4.2 Tsingshan Holding to supply nickel matte to Huayou Cobalt and CNGR 6
4.3 Blue Rhino Capital inks definitive agreement to acquire Zebediela Nickel Project 6
4.4 Megawatt inks LOI to acquire Australian Ni-Co-Sc-REE projects 6
4.5 Nornickel warns on output as two mines remain partly suspended 6
4.6 UEX Corporation discovers new high-grade Cobalt-Nickel at Michael Lake 6
4.7 Thakadu commissions nickel sulfate refinery in South Africa 6
4.8 Jiangwu Cobalt to suspend cobalt sulfate production 6
4.9 Liuzhou Steel Zhongjin Stainless Steel to put ferronickel smelting project into commercial production in late Mar 7
4.10 Ningfeng Group decreases ferronickel production 7
4.11 Lianyungang Huale Alloy resumes ferronickel production 7
4.12 Queensland Pacific Metals receives excellent assay results from TECH Project 7
4.13 Pacific Nickel Mines updates Kolosori Nickel Project's planned drilling 9
4.14 Silkroad Nickel to supply nickel ore to Tsingshan 7
4.15 Norilsk Nickel to resume production in flooded mines within 3-4 months 7
4.16 SPC Nickel begins drilling at Aer-Kidd Project 7
4.17 Brunp Indonesia puts four electric furnaces into commercial production 8
4.18 Glencore says Australian nickel-cobalt plant running at reduced production after outage 8
4.19 GEM signs Equity Transfer Agreement to acquire Indonesian nickel resources 8
4.20 Corazon Mining starts drilling at South Pipe target at Lynn Lake Nickel Sulphide Project 8
5. Producers Statistics 8
5.1 AM Stats: Chinese refined nickel producers' operating rate down by 1.95% YOY in Feb 8
5.2 AM Stats: Chinese nickel sulfate producers' operating rate up by 23.56% YOY in Mar 9
5.3 AM Stats: Chinese ferronickel producers' operating rate down by 39.85% YOY in Mar 10
6. Import and Export Statistics 11
6.1 China's ferronickel imports down by 19.93% MOM in Feb 11
6.2 China's nickel sulfate imports down by 20.75 MOM in Feb 11
7. Industry Movements 12
7.1 NCM and power battery market 12
7.2 Stainless steel market 12
8. Market Outlook for Next Month 12
8.1 Chinese brand nickel cathode EXW China 12
8.2 Norislk Nickel Cathode 99.96%min Chinese port 12
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 12
8.4 Electroplating grade nickel sulfate Ni22%minCo 0.05%max EXW China 14
8.5 High grade ferronickel 10%min EXW China 12
8.6 Low grade ferronickel 1.5%min EXW China 12
8.7 Philippine middle grade lateritic nickel ore 1.5%min spot material Chinese port 12
8.8 Philippine high grade ferronickel 1.8%min spot material at port 14
8.9 Philippine middle grade lateritic nickel ore 1.5%min CIF China 12
8.10 Philippine high grade lateritic nickel ore 1.8%min CIF China 12
Content 1
1. Market Highlights 3
2. Economy and Policy 3
2.1 China's manufacturing PMI down MOM in Feb 3
2.2 Ministry of Commerce: China's foreign trade and foreign investment situation in 2021 still grim and complicated 3
2.3 NBS: Ten non-ferrous metals' output up by 10.6% YOY in Jan-Feb 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min Chinese port 3
3.1.3 Nickel sulfate Ni22%minCo 0.4%max delivered China 3
3.1.4 Electroplating grade nickel sulfate EXW China 5
3.1.5 Lateritic nickel ore 1.5%min prices Chinese port 4
3.1.6 Philippine lateritic nickel ore 1.8%min Chinese port 4
3.1.7 Ferronickel 10%min EXW China 4
3.1.8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 LME nickel prices up 5
3.2.2 Imported lateritic nickel ore prices CIF China 5
3.2.3 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Producers Statistics 6
4.1 High Tide advances its Lac Pegma copper-nickel-cobalt deposit 6
4.2 Tsingshan Holding to supply nickel matte to Huayou Cobalt and CNGR 6
4.3 Blue Rhino Capital inks definitive agreement to acquire Zebediela Nickel Project 6
4.4 Megawatt inks LOI to acquire Australian Ni-Co-Sc-REE projects 6
4.5 Nornickel warns on output as two mines remain partly suspended 6
4.6 UEX Corporation discovers new high-grade Cobalt-Nickel at Michael Lake 6
4.7 Thakadu commissions nickel sulfate refinery in South Africa 6
4.8 Jiangwu Cobalt to suspend cobalt sulfate production 6
4.9 Liuzhou Steel Zhongjin Stainless Steel to put ferronickel smelting project into commercial production in late Mar 7
4.10 Ningfeng Group decreases ferronickel production 7
4.11 Lianyungang Huale Alloy resumes ferronickel production 7
4.12 Queensland Pacific Metals receives excellent assay results from TECH Project 7
4.13 Pacific Nickel Mines updates Kolosori Nickel Project's planned drilling 9
4.14 Silkroad Nickel to supply nickel ore to Tsingshan 7
4.15 Norilsk Nickel to resume production in flooded mines within 3-4 months 7
4.16 SPC Nickel begins drilling at Aer-Kidd Project 7
4.17 Brunp Indonesia puts four electric furnaces into commercial production 8
4.18 Glencore says Australian nickel-cobalt plant running at reduced production after outage 8
4.19 GEM signs Equity Transfer Agreement to acquire Indonesian nickel resources 8
4.20 Corazon Mining starts drilling at South Pipe target at Lynn Lake Nickel Sulphide Project 8
5. Producers Statistics 8
5.1 AM Stats: Chinese refined nickel producers' operating rate down by 1.95% YOY in Feb 8
5.2 AM Stats: Chinese nickel sulfate producers' operating rate up by 23.56% YOY in Mar 9
5.3 AM Stats: Chinese ferronickel producers' operating rate down by 39.85% YOY in Mar 10
6. Import and Export Statistics 11
6.1 China's ferronickel imports down by 19.93% MOM in Feb 11
6.2 China's nickel sulfate imports down by 20.75 MOM in Feb 11
7. Industry Movements 12
7.1 NCM and power battery market 12
7.2 Stainless steel market 12
8. Market Outlook for Next Month 12
8.1 Chinese brand nickel cathode EXW China 12
8.2 Norislk Nickel Cathode 99.96%min Chinese port 12
8.3 Battery grade nickel sulfate Ni22%minCo 0.4%max 12
8.4 Electroplating grade nickel sulfate Ni22%minCo 0.05%max EXW China 14
8.5 High grade ferronickel 10%min EXW China 12
8.6 Low grade ferronickel 1.5%min EXW China 12
8.7 Philippine middle grade lateritic nickel ore 1.5%min spot material Chinese port 12
8.8 Philippine high grade ferronickel 1.8%min spot material at port 14
8.9 Philippine middle grade lateritic nickel ore 1.5%min CIF China 12
8.10 Philippine high grade lateritic nickel ore 1.8%min CIF China 12
