Monthly Nickel Market Report Apr 2022

Content
Content 1
Graph 3
1. Market Highlights 4
2. Economy and Policy 4
2.1 Five inspection teams complete onsite work for second round of environmental protection inspection 4
3. Market Movements 4
3.1 Chinese Market Movements 4
3.1.Asian Metal Copyright Import and Export Statistics 9 6.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 4
3.1.Asian Metal Copyright28 Inner Mongolia Chendong decreased nickel alloy output 7 5.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 4
3.1.Asian Metal Copyright8%min in port China 11 8.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.Asian Metal Copyright Import and Export Statistics 9 6.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.Asian Metal Copyright5 First phase of nickel sulfate refining project by low nickel matte in Western Industrial Base starts construction 6 4.Asian Metal Copyright5 Philippine lateritic nickel ore 1.5%min prices in port China 5
3.1.Asian Metal Copyright8 Jintaige halts nickel sulfate production 6 4.Asian Metal Copyright6 Philippine lateritic nickel ore 1.8%min in port China 5
3.1.7 Ferronickel 10%min EXW China 5
3.1.Asian Metal Copyright13 Shijiazhuang Steel reduces nickel cathode consumption 7 4.Asian Metal Copyright8 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright6 Ferronickel 1.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.Asian Metal Copyright1.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Weiming Environment to invest in high-nickel ternary cathode material project by joint venture 6
4.2 Huayou holds commissioning ceremony for 50,000tpy nickel matte project 6
4.3 Guangxi Yinyi to resume nickel sulfate production 6
4.4 Ningbo Changjiang decreases nickel sulfate output 6
4.5 First phase of nickel sulfate refining project by low nickel matte in Western Industrial Base starts construction 6
4.6 Shanxi Zhengxing halts nickel sulfate production 6
4.7 Dowstone Technology to issue convertible bonds to raise funds of no more than RMB2.2 billion for nickel matte and precursor projects 6
4.8 Jintaige halts nickel sulfate production 6
4.9 Beixin New Energy reduces nickel sulfate output 6
4.10 Guangxi Yinyi nickel sulfate stocks accumulated 6
4.11 Hunan Zhongwei launches commercial production of High Grade Nickel Matte 6
4.12 Liquan Special Steel reduces nickel cathode consumption 6
4.13 Shijiazhuang Steel reduces nickel cathode consumption 7
4.14 Jutai New Materials reduces nickel sulfate output further 7
4.15 Nandu Huabo to start commercial production of nickel sulfate 7
4.16 Ningbo Ronbay increases nickel sulfate consumption 7
4.17 Chizhou CN to to resume nickel sulfate output 7
4.18 Yibin Libao reduces nickel sulfate consumption further 7
4.19 GEM reduces nickel sulfate consumption 7
4.21 Jiangxi Ganfeng reduces nickel sulfate consumption 7
4.22 Jinke's stocks for nickel sulfate increase 7
4.23 Xining Special Steel reduces nickel cathode consumption 7
4.24 Xinjiang Xinxin's stocks for nickel cathode decrease 7
4.25 Guangzhou Guanghua's stocks for nickel sulfate increase 7
4.26 Fujian Fuxin to halt ferronickel consumption 7
4.27 Taishan Steel's Indonesia nickel power project connected to grid 7
4.28 Inner Mongolia Chendong decreased nickel alloy output 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate stayed unchanged MOM in Apr 7
5.2 Chinese refined nickel producers' output stayed unchanged MOM in Apr 8
5.3 Chinese refined nickel producers' stocks down by 1,400t MOM in Apr 8
5.4 Chinese nickel sulfate producers' operating rate down by 4.76% MOM in Apr 8
5.5 Chinese nickel sulfate producers' output down by 7.34% MOM in Apr 8
5.6 Chinese nickel sulfate producers' stocks down by 9.98% MOM in Apr 9
5.7 Chinese ferronickel producers' operating rate down by 8.01% MOM in Apr 9
6. Import and Export Statistics 9
6.1 China's refined nickel (Co≤0.Asian Metal Copyright Market Movements 4 3.Asian Metal Copyright005%) export volume grew 340.00% YoY in Mar 2022 9
6.2 China's nickel alloy powder import volume grew 188.70% MoM in Mar 2022 10
6.2 China's nickel plate, strip and foil import volume decreased 25.63% MoM in Mar 2022 10
7. Industry Movements 10
7.1 NCM and power battery market 10
7.2 Stainless steel market 10
8. Market Outlook for Next Month 10
8.1 Nickel cathode 99.96%min EXW China 10
8.2 Norilsk nickel cathode 99.96%min in port China 10
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China
8.5 Ferronickel 10%min EXW China 11
8.6 Ferronickel 1.5%min EXW China 11
8.7 Philippine lateritic nickel ore 1.5%min in port China 11
8.8 Philippine lateritic nickel ore 1.8%min in port China 11
8.9 Philippine lateritic nickel ore 1.5%min CIF China 11
8.10 Philippine lateritic nickel ore 1.8%min CIF China 11


.Asian Metal Copyright5 First phase of nickel sulfate refining project by low nickel matte in Western Industrial Base starts construction 6 4Asian Metal Copyright