Monthly Nickel Market Report Oct 2023
2023-11-15 14:52:43 【Print】
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Content
1. Market Highlights 4
2. Economy and Policy 4
2.1 INSG forecasts a third consecutive year of nickel surplus 4
2.2 WBMS: Global refined nickel market has supply shortage of 26,000 tons in Aug 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1 . 1 Chinese nickel cathode 99.96%min EXW China 4
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 5
3.1.5 Ferronickel 10%min EXW China 5
3.1 . 6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2 . 1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2 . 2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Shunying Power Battery Material to increase nickel sulfate production 6
4.2 Maolian Technology to upgrade second electrowinning nickel production line 6
4.3 Yantai Cash halts nickel sulfate production 6
4.4 Yantai Cash raises electrowinning nickel output 6
4.5 Greatpower Technology resumes nickel sulfate production 6
4.6 Kaiyuan Industrial increases ferronickel production 7
4.7 Beixin New Energy reduces nickel sulfate production 7
4.8 Zhengxing Nonferrous to resume nickel sulfate production 7
4.9 Heyi Ni-Cr Composite Materials to overhaul ferronickel production equipment 7
4.10 CNGR's Indonesia nickel matte project goes into production 7
4.11 Golden Tiger sees decline in nickel sulfate production 7
4.12 Xi'en New Materials resumes nickel sulfate production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 74.35% in Oct 7
5.2 Chinese refined nickel producers' production up by 56.36% YOY in Oct 8
5.3 Chinese refined nickel producers' stocks up by 16.88% MOM in Oct 8
5.4 Chinese nickel sulfate producers' operation rate posts 51.39% in Oct 8
5.5 Chinese nickel sulfate producers' output down by 5.37% MOM in Oct 8
5.6 Chinese nickel sulfate producers' inventory down by 1.39% MOM in Oct 9
5.7 Chinese ferronickel producers' operating rate reports 46.68% in Oct 9
5.8 Chinese ferronickel producers' output down by 0.96% MOM in Oct 10
5.9 Chinese ferronickel producers' stocks up by 42.65% MOM in Oct 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume grew 31.55% YoY in Sep 2023 10
6.2 China's refined nickel (Co>0 . 005%) import volume fell 51.61% YoY in Sep 2023 11
6.3 China's nickel sulphate import volume increased 138.07% YoY in Sep 2023 12
6.4 China's refined nickel (Co>0 . 005%) export volume increased 208.42% MoM in Sep 2023 13
6.5 China's nickel concentrate import volume rose 26.46% YoY in Sep 2023 14
7. Relevant Industry Movements 15
7.1 NCM and power battery market 15
7.2 Stainless steel market 15
8. Market Outlook for Next Month 15
8.1 Nickel cathode 99.96%min EXW China 15
8.2 Norilsk nickel cathode 99.96%min in port China 15
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 15
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 15
8.5 Ferronickel 10%min EXW China 15
8.6 Ferronickel 1.5%min EXW China 15
8.7 Philippine lateritic nickel ore 1.3%min CIF China 15
8.8 Philippine lateritic nickel ore 1.8%min CIF China 16
1. Market Highlights 4
2. Economy and Policy 4
2.1 INSG forecasts a third consecutive year of nickel surplus 4
2.2 WBMS: Global refined nickel market has supply shortage of 26,000 tons in Aug 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1 . 1 Chinese nickel cathode 99.96%min EXW China 4
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 5
3.1.5 Ferronickel 10%min EXW China 5
3.1 . 6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2 . 1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2 . 2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Shunying Power Battery Material to increase nickel sulfate production 6
4.2 Maolian Technology to upgrade second electrowinning nickel production line 6
4.3 Yantai Cash halts nickel sulfate production 6
4.4 Yantai Cash raises electrowinning nickel output 6
4.5 Greatpower Technology resumes nickel sulfate production 6
4.6 Kaiyuan Industrial increases ferronickel production 7
4.7 Beixin New Energy reduces nickel sulfate production 7
4.8 Zhengxing Nonferrous to resume nickel sulfate production 7
4.9 Heyi Ni-Cr Composite Materials to overhaul ferronickel production equipment 7
4.10 CNGR's Indonesia nickel matte project goes into production 7
4.11 Golden Tiger sees decline in nickel sulfate production 7
4.12 Xi'en New Materials resumes nickel sulfate production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 74.35% in Oct 7
5.2 Chinese refined nickel producers' production up by 56.36% YOY in Oct 8
5.3 Chinese refined nickel producers' stocks up by 16.88% MOM in Oct 8
5.4 Chinese nickel sulfate producers' operation rate posts 51.39% in Oct 8
5.5 Chinese nickel sulfate producers' output down by 5.37% MOM in Oct 8
5.6 Chinese nickel sulfate producers' inventory down by 1.39% MOM in Oct 9
5.7 Chinese ferronickel producers' operating rate reports 46.68% in Oct 9
5.8 Chinese ferronickel producers' output down by 0.96% MOM in Oct 10
5.9 Chinese ferronickel producers' stocks up by 42.65% MOM in Oct 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume grew 31.55% YoY in Sep 2023 10
6.2 China's refined nickel (Co>0 . 005%) import volume fell 51.61% YoY in Sep 2023 11
6.3 China's nickel sulphate import volume increased 138.07% YoY in Sep 2023 12
6.4 China's refined nickel (Co>0 . 005%) export volume increased 208.42% MoM in Sep 2023 13
6.5 China's nickel concentrate import volume rose 26.46% YoY in Sep 2023 14
7. Relevant Industry Movements 15
7.1 NCM and power battery market 15
7.2 Stainless steel market 15
8. Market Outlook for Next Month 15
8.1 Nickel cathode 99.96%min EXW China 15
8.2 Norilsk nickel cathode 99.96%min in port China 15
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 15
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 15
8.5 Ferronickel 10%min EXW China 15
8.6 Ferronickel 1.5%min EXW China 15
8.7 Philippine lateritic nickel ore 1.3%min CIF China 15
8.8 Philippine lateritic nickel ore 1.8%min CIF China 16