Monthly Nickel Market Report Feb 2023

Content

1. Market Highlights 3
2. Economy and Policy 3
2.1 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 3
2.2 LME to improve trading liquidity by restarting nickel market Asian Hours 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.Asian Metal Copyright1 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 3 2.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 3
3.1.Asian Metal Copyright2.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 3
3.1.Asian Metal Copyright4 Chinese nickel sulfate producers' operation rate up by 15.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.Asian Metal Copyright2 Philippine lateritic nickel ore 1.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.1.Asian Metal Copyright1.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 4
3.2 International Market Movements 4
3.2.Asian Metal Copyright6 Changjiang Energy Technology resumes nickel sulfate production 5 4.Asian Metal Copyright1 Philippine lateritic nickel ore 1.5%min CIF China 4
3.2.Asian Metal Copyright96%min in port China 9 7.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 4
4. Company News 5
4.1 Yinyi Advanced Material to resume battery grade nickel sulfate production 5
4.2 Maolian Technology decreases nickel sulfate production 5
4.3 Guanghua Technology resumes nickel sulfate production 5
4.4 Grand Green Technology resumes nickel sulfate production 5
4.5 Rui Da Xinnengyuan completes maintenance of nickel sulfate production equipment 5
4.6 Changjiang Energy Technology resumes nickel sulfate production 5
4.7 Zhengxing Nonferrous to restart battery grade nickel sulfate production 5
4.8 Tangshan Kaiyuan decreases ferronickel production 5
4.9 Antam Indonesia ferronickel plant to go into operation in H2 this year 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 60.56% in Feb 6
5.2 Chinese refined nickel producers' production down by 5.99% MOM in Feb 6
5.3 Chinese refined nickel producers' stocks up by 30.16% MOM in Feb 6
5.4 Chinese nickel sulfate producers' operation rate up by 15.59% MOM in Feb 6
5.5 Chinese nickel sulfate producers' output up by 15.58% MOM in Feb 7
5.6 Chinese nickel sulfate producers' inventory down by 4.48% MOM in Feb 7
5.7 Chinese ferronickel producers' operating rate posts 47.65% in Feb 7
5.8 Chinese ferronickel producers' output up by 8.79% MOM in Feb 8
5.9 Chinese ferronickel producers' stocks down by 3.62% MOM in Feb 8
6. Relevant Industry Movements 8
6.1 NCM and power battery market 8
6.2 Stainless steel market 9
7. Market Outlook for Next Month 9
7.1 Nickel cathode 99.96%min EXW China 9
7.2 Norilsk nickel cathode 99.96%min in port China 9
7.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 9
7.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 9
7.5 Ferronickel 10%min EXW China 9
7.6 Ferronickel 1.5%min EXW China 9
7.7 Philippine lateritic nickel ore 1.5%min CIF China 9
7.8 Philippine lateritic nickel ore 1.8%min CIF China 9


.Asian Metal Copyright6 Changjiang Energy Technology resumes nickel sulfate production 5 4Asian Metal Copyright