Monthly Nickel Market Report Mar 2023
2023-04-14 18:14:40 【Print】
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Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Russia's MMC Norilsk Nickel sells nickel to China in yuan 3
2.2 EU adjusts list of critical raw materials, adding copper and nickel 3
2.3 INSG: Global nickel supply market has surplus of 21.6kt in Jan 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.1.6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Xinxin Mining to overhaul electrowinning nickel production equipment 5
4.2 Cash Industrial's electrodeposited nickel output to increase 5
4.3 Daye Nonferrous Metals to overhaul production equipment for crude nickel sulfate 5
4.4 Ningbo Changjiang Energy to increase battery grade nickel sulfate production 5
4.5 Pacific Nickel approved for exports from 1.5Mtpy Kolosori nickel project 6
4.6 Philippines FNI signs annual supply agreement with Baosteel Resources for 1.5Mt of nickel ore 6
4.7 Grand Green cuts battery grade nickel sulfate production 6
4.8 Xiarihamu's first batch of nickel concentrate arrives in Jinchuan 6
4.9 CNMC Zhengyuan's 60,000tpy lithium battery cathode material precursor project goes into construction 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 65.68% in Mar 6
5.2 Chinese refined nickel producers' production up by 8.46% MOM in Mar 6
5.3 Chinese refined nickel producers' stocks up by 32.06% MOM in Mar 7
5.4 Chinese nickel sulfate producers' operation rate posts 53.34% in Mar 7
5.5 Chinese nickel sulfate producers' output up by 0.82% MOM in Mar 7
5.6 Chinese nickel sulfate producers' inventory up by 6.73% MOM in Feb 7
5.7 Chinese ferronickel producers' operating rate reports 48.21% in Mar 8
5.8 Chinese ferronickel producers' output up by 1.17% MOM in Mar 8
5.9 Chinese ferronickel producers' stocks up by 4.77% MOM in Mar 9
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume grew 28.88% YoY in Jan 2023 9
6.2 China's refined nickel (Co≤0.005%) import volume fell 80.22% YoY in Jan 2023 10
6.3 China's nickel sulphate import volume increased 76.19% YoY in Jan 2023 11
6.4 China's refined nickel (Co＞0.005%) export volume increased 666.19% YoY in Jan 2023 11
6.5 China's nickel concentrate import volume decreased 48.45% MoM in Jan 2023 12
6.6 China's ferro-nickel import volume increased 71.65% YoY in Feb 2023 13
6.7 China's refined nickel (Co≤0.005%) import volume increased 80.24% MoM in Feb 2023 14
6.8 China's nickel sulphate import volume rose 168.11% YoY in Feb 2023 15
6.9 China's refined nickel (Co≤0.005%) export volume rose 96.32% MoM in Feb 2023 15
6.10 China's nickel concentrate import volume increased 19.26% YoY in Feb 2023 16
7. Relevant Industry Movements 17
7.1 NCM and power battery market 17
7.2 Stainless steel market 17
8. Market Outlook for Next Month 17
8.1 Nickel cathode 99.96%min EXW China 17
8.2 Norilsk nickel cathode 99.96%min in port China 17
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 17
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 17
8.5 Ferronickel 10%min EXW China 17
8.6 Ferronickel 1.5%min EXW China 18
8.7 Philippine lateritic nickel ore 1.3%min CIF China 18
8.8 Philippine lateritic nickel ore 1.8%min CIF China 18
1. Market Highlights 3
2. Economy and Policy 3
2.1 Russia's MMC Norilsk Nickel sells nickel to China in yuan 3
2.2 EU adjusts list of critical raw materials, adding copper and nickel 3
2.3 INSG: Global nickel supply market has surplus of 21.6kt in Jan 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.1.6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.5%min CIF China 5
3.2.2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 5
4.1 Xinxin Mining to overhaul electrowinning nickel production equipment 5
4.2 Cash Industrial's electrodeposited nickel output to increase 5
4.3 Daye Nonferrous Metals to overhaul production equipment for crude nickel sulfate 5
4.4 Ningbo Changjiang Energy to increase battery grade nickel sulfate production 5
4.5 Pacific Nickel approved for exports from 1.5Mtpy Kolosori nickel project 6
4.6 Philippines FNI signs annual supply agreement with Baosteel Resources for 1.5Mt of nickel ore 6
4.7 Grand Green cuts battery grade nickel sulfate production 6
4.8 Xiarihamu's first batch of nickel concentrate arrives in Jinchuan 6
4.9 CNMC Zhengyuan's 60,000tpy lithium battery cathode material precursor project goes into construction 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 65.68% in Mar 6
5.2 Chinese refined nickel producers' production up by 8.46% MOM in Mar 6
5.3 Chinese refined nickel producers' stocks up by 32.06% MOM in Mar 7
5.4 Chinese nickel sulfate producers' operation rate posts 53.34% in Mar 7
5.5 Chinese nickel sulfate producers' output up by 0.82% MOM in Mar 7
5.6 Chinese nickel sulfate producers' inventory up by 6.73% MOM in Feb 7
5.7 Chinese ferronickel producers' operating rate reports 48.21% in Mar 8
5.8 Chinese ferronickel producers' output up by 1.17% MOM in Mar 8
5.9 Chinese ferronickel producers' stocks up by 4.77% MOM in Mar 9
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume grew 28.88% YoY in Jan 2023 9
6.2 China's refined nickel (Co≤0.005%) import volume fell 80.22% YoY in Jan 2023 10
6.3 China's nickel sulphate import volume increased 76.19% YoY in Jan 2023 11
6.4 China's refined nickel (Co＞0.005%) export volume increased 666.19% YoY in Jan 2023 11
6.5 China's nickel concentrate import volume decreased 48.45% MoM in Jan 2023 12
6.6 China's ferro-nickel import volume increased 71.65% YoY in Feb 2023 13
6.7 China's refined nickel (Co≤0.005%) import volume increased 80.24% MoM in Feb 2023 14
6.8 China's nickel sulphate import volume rose 168.11% YoY in Feb 2023 15
6.9 China's refined nickel (Co≤0.005%) export volume rose 96.32% MoM in Feb 2023 15
6.10 China's nickel concentrate import volume increased 19.26% YoY in Feb 2023 16
7. Relevant Industry Movements 17
7.1 NCM and power battery market 17
7.2 Stainless steel market 17
8. Market Outlook for Next Month 17
8.1 Nickel cathode 99.96%min EXW China 17
8.2 Norilsk nickel cathode 99.96%min in port China 17
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 17
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 17
8.5 Ferronickel 10%min EXW China 17
8.6 Ferronickel 1.5%min EXW China 18
8.7 Philippine lateritic nickel ore 1.3%min CIF China 18
8.8 Philippine lateritic nickel ore 1.8%min CIF China 18
