Monthly Nickel Market Report May 2022
2022-06-17 17:05:58 【Print】
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1. Market Highlights
In May, Chinese nickel cathode market saw weak demand as consumers only purchased from hand to mouth with little intention to add stocks under the epidemic.
From early-to-mid May, Chinese battery grade nickel sulfate Ni 22%min, Co 0.4%max consumers just purchased from hand to mouth, while suppliers had strong intention to hold prices firm.
In May, supply of Philippine lateritic nickel ore was tight, so suppliers held back from selling with firm prices. However, consumers had no willingness to purchase with a wait-and-see attitude and mainly consumed stocks under cost pressure.
In May, downstream consumers just purchased from hand to mouth with little interest in purchasing, leaving limited deals for high-grade ferronickel 10%min, and thus ferronickel prices kept decreasing.
In May, Chinese nickel cathode market saw weak demand as consumers only purchased from hand to mouth with little intention to add stocks under the epidemic.
From early-to-mid May, Chinese battery grade nickel sulfate Ni 22%min, Co 0.4%max consumers just purchased from hand to mouth, while suppliers had strong intention to hold prices firm.
In May, supply of Philippine lateritic nickel ore was tight, so suppliers held back from selling with firm prices. However, consumers had no willingness to purchase with a wait-and-see attitude and mainly consumed stocks under cost pressure.
In May, downstream consumers just purchased from hand to mouth with little interest in purchasing, leaving limited deals for high-grade ferronickel 10%min, and thus ferronickel prices kept decreasing.
