Monthly Nickel Market Report Nov 2023
2023-12-19 16:38:50 【Print】
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1. Market Highlights 4
2. Economy and Policy 4
2.1 Indonesia to include nickel shipments in online tracking system from 2024 4
2.2 Global nickel market sees 23,900 metric ton surplus in September – INSG 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 Zhangjiagang United Copper resumes crude nickel sulfate production 6
4.2 Shunying Power Battery Material completes transformation of nickel sulfate production equipment 6
4.3 Yinyi Advanced Material to reduce nickel sulfate production 6
4.4 Yanzhu Metal reduces electrowinning nickel production 6
4.5 Jutai New Material halts nickel sulfate production 6
4.6 Beixin New Energy cuts nickel sulfate production 6
4.7 Golden Tiger Cobalt cuts nickel sulfate output 7
4.8 DMCI unit targets Q1-24 mine opening 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 73.83% in Nov 7
5.2 Chinese refined nickel producers' production up by 56.34% YOY in Nov 7
5.3 Chinese refined nickel producers' stocks up by 17.78% MOM in Nov 7
5.4 Chinese nickel sulfate producers' operation rate posts 48.75% in Nov 7
5.5 Chinese nickel sulfate producers' output down by 8.98% MOM in Nov 8
5.6 Chinese nickel sulfate producers' inventory up by 22.21% MOM in Nov 8
5.7 Chinese ferronickel producers' operating rate reports 44.67% in Nov 8
5.8 Chinese ferronickel producers' output down by 4.68% MOM in Nov 9
5.9 Chinese ferronickel producers' stocks up by 57.73% MOM in Nov 9
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume increased 68.70% YoY in Oct 2023 10
6.2 China's refined nickel (Co＞0.005%) import volume decreased 54.47% YoY in Oct 2023 11
6.3 China's nickel sulphate import volume rose 247.74% YoY in Oct 2023 12
6.4 China's refined nickel (Co＞0.005%) export volume rose 490.61% YoY in Oct 2023 12
6.5 China's nickel concentrate import volume declined 11.85% MoM in Oct 2023 13
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 14
8. Market Outlook for Next Month 14
8.1 Nickel cathode 99.96%min EXW China 14
8.2 Norilsk nickel cathode 99.96%min in port China 14
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 14
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 14
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 15
2. Economy and Policy 4
2.1 Indonesia to include nickel shipments in online tracking system from 2024 4
2.2 Global nickel market sees 23,900 metric ton surplus in September – INSG 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 Zhangjiagang United Copper resumes crude nickel sulfate production 6
4.2 Shunying Power Battery Material completes transformation of nickel sulfate production equipment 6
4.3 Yinyi Advanced Material to reduce nickel sulfate production 6
4.4 Yanzhu Metal reduces electrowinning nickel production 6
4.5 Jutai New Material halts nickel sulfate production 6
4.6 Beixin New Energy cuts nickel sulfate production 6
4.7 Golden Tiger Cobalt cuts nickel sulfate output 7
4.8 DMCI unit targets Q1-24 mine opening 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 73.83% in Nov 7
5.2 Chinese refined nickel producers' production up by 56.34% YOY in Nov 7
5.3 Chinese refined nickel producers' stocks up by 17.78% MOM in Nov 7
5.4 Chinese nickel sulfate producers' operation rate posts 48.75% in Nov 7
5.5 Chinese nickel sulfate producers' output down by 8.98% MOM in Nov 8
5.6 Chinese nickel sulfate producers' inventory up by 22.21% MOM in Nov 8
5.7 Chinese ferronickel producers' operating rate reports 44.67% in Nov 8
5.8 Chinese ferronickel producers' output down by 4.68% MOM in Nov 9
5.9 Chinese ferronickel producers' stocks up by 57.73% MOM in Nov 9
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume increased 68.70% YoY in Oct 2023 10
6.2 China's refined nickel (Co＞0.005%) import volume decreased 54.47% YoY in Oct 2023 11
6.3 China's nickel sulphate import volume rose 247.74% YoY in Oct 2023 12
6.4 China's refined nickel (Co＞0.005%) export volume rose 490.61% YoY in Oct 2023 12
6.5 China's nickel concentrate import volume declined 11.85% MoM in Oct 2023 13
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 14
8. Market Outlook for Next Month 14
8.1 Nickel cathode 99.96%min EXW China 14
8.2 Norilsk nickel cathode 99.96%min in port China 14
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 14
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 14
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 15
