Monthly Nickel Market Report Feb 2022
2022-03-14 08:11:10 【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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1. Market Highlights
In February, Chinese nickel cathode prices moved up significantly. Most consumers purchased from hand to mouth while producers held back from selling when prices fell. The market witnessed limited deals due to the high prices. Prices of Norilsk nickel cathode followed the trend of Chinese nickel cathode but with scarce deals.
Chinese nickel sulfate prices increased in February. Due to the increased prices of nickel cathode 99.96%min, nickel sulfate producers had to increase their prices even though the downstream stayed reluctant to purchase at such high prices, the market witnessed active deals in the first half of the February.
In February, Chinese ferronickel producers increased their prices encouraged by the increased prices of nickel cathode and most suppliers hold back from selling supported by the bullish attitudes.
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.
In February, Chinese nickel cathode prices moved up significantly. Most consumers purchased from hand to mouth while producers held back from selling when prices fell. The market witnessed limited deals due to the high prices. Prices of Norilsk nickel cathode followed the trend of Chinese nickel cathode but with scarce deals.
Chinese nickel sulfate prices increased in February. Due to the increased prices of nickel cathode 99.96%min, nickel sulfate producers had to increase their prices even though the downstream stayed reluctant to purchase at such high prices, the market witnessed active deals in the first half of the February.
In February, Chinese ferronickel producers increased their prices encouraged by the increased prices of nickel cathode and most suppliers hold back from selling supported by the bullish attitudes.
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.
