Monthly Nickel Market Report Dec 2021
2022-01-17 09:18:09 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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In December, Chinese nickel cathode prices moved up significantly. Most consumers purchased from hand to mouth while producers held back from selling when prices fell. But the market witnessed tight supply in late December. Prices of Norilsk nickel cathode followed the trend of Chinese nickel cathode with stable demand from the downstream.
Chinese nickel sulfate prices decreased in December. Dragged by the accumulated pressure of inventory and cash flow, nickel sulfate producers reduced prices to promote sales, the market witnessed active deals until the end of December.
In December, Chinese ferronickel producers cut their prices to promote sales, while the market still saw scarce deals. Meanwhile, downstream consumers saw a decline in stainless steel prices, relieved their pressure through cutting output or halting production, leading to sparse deals on the market.
Transactions for imported lateritic nickel ore were stable this month. The monsoon in the Philippines resulted in less supply, meanwhile China's demand for the material began to decline. The market mainly saw long-term contracts and stable prices.
Chinese nickel sulfate prices decreased in December. Dragged by the accumulated pressure of inventory and cash flow, nickel sulfate producers reduced prices to promote sales, the market witnessed active deals until the end of December.
In December, Chinese ferronickel producers cut their prices to promote sales, while the market still saw scarce deals. Meanwhile, downstream consumers saw a decline in stainless steel prices, relieved their pressure through cutting output or halting production, leading to sparse deals on the market.
Transactions for imported lateritic nickel ore were stable this month. The monsoon in the Philippines resulted in less supply, meanwhile China's demand for the material began to decline. The market mainly saw long-term contracts and stable prices.
