Monthly Nickel Market Report Dec 2022

1. Market Highlights 4
2. Economy and Policy 4
2.1 China to adjust import & export tariffs on some goods from Jan 1 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.Asian Metal Copyright Market Movement 4 3.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 4
3.1.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 4
3.1.Asian Metal Copyright96%min in port China 4 3.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.Asian Metal Copyright4%max delivered China 13 8.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.Asian Metal Copyright9 Maolian Technology reduces nickel sulfate production 7 4.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright Market Highlights 4 2.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.Asian Metal Copyright66% MOM in Dec 8 5.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 6
4.1 Maolian Technology increases battery grade nickel sulfate production 6
4.2 United Copper suspends nickel sulfate production 6
4.3 Xinxin Mining overhauls nickel cathode production equipment 6
4.4 Miracle Golden Tiger Cobalt to increase battery grade nickel sulfate production 6
4.5 Huayi Chemical halts nickel sulfate production 6
4.6 Risbor New Energy to suspend nickel sulfate production 6
4.7 Zhengxing Nonferrous stops nickel sulfate production 6
4.8 Grand Green Technology's nickel sulfate production down 6
4.9 Maolian Technology reduces nickel sulfate production 7
4.10 MCC Ruimu suspends nickel sulfate production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate down by 4.04% MOM in Dec 7
5.2 Chinese refined nickel producers' production down by 4.04% MOM in Dec 7
5.3 Chinese refined nickel producers' stocks up by 75% MOM in Nov 7
5.4 Chinese nickel sulfate producers' operation rate down by 12.66% MOM in Dec 7
5.5 Chinese nickel sulfate producers' output down by 12.66% MOM in Dec 8
5.6 Chinese nickel sulfate producers' inventory up by 95.83% MOM in Dec 8
5.7 Chinese ferronickel producers' operating rate down by 4.98% MOM in Dec 9
5.8 Chinese ferronickel producers' output down by 4.98% MOM in Dec 9
5.9 Chinese ferronickel producers' stocks up by 18.11% MOM in Dec 9
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume grew 105.73% YoY in Nov 2022 10
6.2 China's refined nickel (Co＞0.Asian Metal Copyright98% MOM in Dec 9 5.Asian Metal Copyright005%) import volume fell 44.77% YoY in Nov 2022 11
6.3 China's nickel sulphate import volume increased 53.38% MoM in Nov 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 CIF China 13
8.8 Philippine lateritic nickel ore 1.8%min CIF China 13


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