Monthly Nickel Market Report Aug 2022

1. Market Highlights 3
2. Economy and Policy 3
2.1 Indonesia to issue nickel export tax rules in Q3 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright73% YoY in Jul 2022 9 6.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright96%min in port China 3 3.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright10 Philippine lateritic nickel ore 1.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright7 Philippine lateritic nickel ore 1.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.Asian Metal Copyright1 Philippine lateritic nickel ore 1.Asian Metal Copyright5 Philippine lateritic nickel ore 1.5%min prices in port China 4
3.1.Asian Metal Copyright9 Golden Tiger Cobalt increases nickel sulfate output 6 4.Asian Metal Copyright6 Philippine lateritic nickel ore 1.8%min in port China 4
3.1.7 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright6 Philippine lateritic nickel ore 1.Asian Metal Copyright8 Ferronickel 1.5%min EXW China 4
3.2 International Market Movements 5
3.2.Asian Metal Copyright4 Chinese nickel sulfate producers' operation rate up by 7.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.Asian Metal Copyright2 Cash Industrial to increase nickel cathode production 5 4.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Yinyi Advanced Material transforms nickel sulfate production equipment 5
4.2 Cash Industrial to increase nickel cathode production 5
4.3 Maolian Technology halts nickel sulfate production 5
4.4 Century Tsingshan Nickel Industry's ferronickel output declines 5
4.5 Beixin New Energy resumes nickel sulfate production 6
4.6 Yarong Technology to increase nickel sulfate production 6
4.7 Huayi Chemical starts trial production of nickel sulfate 6
4.8 Liancheng Nickel to increase ferronickel production 6
4.9 Golden Tiger Cobalt increases nickel sulfate output 6
4.10 Jutai New Material increases nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate up by 1.72% YOY in Aug 6
5.2 Chinese refined nickel producers' production up by 17.26% YOY in Aug 7
5.3 Chinese refined nickel producers' stocks down by 12.5% MOM in Aug 7
5.4 Chinese nickel sulfate producers' operation rate up by 7.07% MOM in Aug 7
5.5 Chinese nickel sulfate producers' output up by 7.06% MOM in Aug 7
5.6 Chinese nickel sulfate producers' inventory down by 14.55% MOM in Aug 8
5.7 Chinese ferronickel producers' operating rate down by 0.49% MOM in Aug 8
5.8 Chinese ferronickel producers' output down by 5.5% MOM in Aug 8
5.9 Chinese ferronickel producers' stocks up by 127.78% YOY in Aug 9
6. Import and Export Statistics 9
6.1 China's nickel concentrate import volume declined 15.73% YoY in Jul 2022 9
6.2 China's ferronickel import volume grew 34.64% YoY in Jul 2022 10
6.3 China's refined nickel (Co＞0.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.Asian Metal Copyright005%) import volume declined 53.98% YoY in Jul 2022 11
6.4 China's refined nickel (Co≤0.Asian Metal Copyright Producers Statistics 6 5.Asian Metal Copyright005%) import volume rose 50.41% MoM in Jul 2022 12
7. Relevant Industry Movements 13
7.1 NCM and power battery market 13
7.2 Stainless steel market 13
8. Market Outlook for Next Month 13
8.1 Nickel cathode 99.96%min EXW China 13
8.2 Norilsk nickel cathode 99.96%min in port China 13
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 13
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 13
8.5 Ferronickel 10%min EXW China 13
8.6 Ferronickel 1.5%min EXW China 13
8.7 Philippine lateritic nickel ore 1.5%min in port China 13
8.8 Philippine lateritic nickel ore 1.8%min in port China 14
8.9 Philippine lateritic nickel ore 1.5%min CIF China 14
8.10 Philippine lateritic nickel ore 1.8%min CIF China 14


.Asian Metal Copyright05%max EXW China 13 8Asian Metal Copyright