Monthly Nickel Market Report Mar 2024
2024-04-18 17:53:10 【Print】
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Content
1. Market Highlights 4
2. Economy and Policy 4
2.1 Indonesia aims to finish mining output quotas approval by end-March 4
2.2 Indonesia issues nickel production quotas for 152.62mt 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 Shengyun Industrial Development halts ferronickel production 6
4.2 Fujian Liande carries out maintenance on ferronickel production equipment 6
4.3 Grand Green to increase nickel sulfate production 6
4.4 Jutai New Material in full production of battery grade nickel sulfate 6
4.5 Risbor New Energy resumes nickel sulfate production 6
4.6 Zhangjiagang United Copper maintains crude nickel sulfate production equipment 6
4.7 Guanghua Technology increases nickel sulfate production 7
4.8 Xingnie New Materials increases nickel sulfate production 7
4.9 Changsheng Ni Cr Material resumes ferronickel production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 79.14% in Mar 7
5.2 Chinese refined nickel producers' production up by 12.95% MOM in Mar 7
5.3 Chinese refined nickel producers' stocks down by 11.03% MOM in Mar 7
5.4 Chinese nickel sulfate producers' operation rate posts 51.12% in Mar 7
5.5 Chinese nickel sulfate producers' output up by 27.40% MOM in Mar 8
5.6 Chinese nickel sulfate producers' inventory up by 11.01% MOM in Mar 8
5.7 Chinese ferronickel producers' operating rate reports 39.33% in Mar 9
5.8 Chinese ferronickel producers' output up by 1.05% MOM in Mar 9
5.9 Chinese ferronickel producers' stocks up by 4.62% MOM in Mar 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume rose 32.14% YoY in Feb 2024 10
6.2 China's refined nickel (Co＞0.005%) import volume declined 21.62% MoM in Feb 2024 11
6.3 China's nickel sulphate import volume grew 75.35% YoY in Feb 2024 12
6.4 China's refined nickel (Co＞0.005%) export volume fell 60.23% YoY in Feb 2024 13
6.5 China's nickel concentrate import volume grew 19.24% MoM in Feb 2024 14
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
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 15
1. Market Highlights 4
2. Economy and Policy 4
2.1 Indonesia aims to finish mining output quotas approval by end-March 4
2.2 Indonesia issues nickel production quotas for 152.62mt 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 Shengyun Industrial Development halts ferronickel production 6
4.2 Fujian Liande carries out maintenance on ferronickel production equipment 6
4.3 Grand Green to increase nickel sulfate production 6
4.4 Jutai New Material in full production of battery grade nickel sulfate 6
4.5 Risbor New Energy resumes nickel sulfate production 6
4.6 Zhangjiagang United Copper maintains crude nickel sulfate production equipment 6
4.7 Guanghua Technology increases nickel sulfate production 7
4.8 Xingnie New Materials increases nickel sulfate production 7
4.9 Changsheng Ni Cr Material resumes ferronickel production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 79.14% in Mar 7
5.2 Chinese refined nickel producers' production up by 12.95% MOM in Mar 7
5.3 Chinese refined nickel producers' stocks down by 11.03% MOM in Mar 7
5.4 Chinese nickel sulfate producers' operation rate posts 51.12% in Mar 7
5.5 Chinese nickel sulfate producers' output up by 27.40% MOM in Mar 8
5.6 Chinese nickel sulfate producers' inventory up by 11.01% MOM in Mar 8
5.7 Chinese ferronickel producers' operating rate reports 39.33% in Mar 9
5.8 Chinese ferronickel producers' output up by 1.05% MOM in Mar 9
5.9 Chinese ferronickel producers' stocks up by 4.62% MOM in Mar 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume rose 32.14% YoY in Feb 2024 10
6.2 China's refined nickel (Co＞0.005%) import volume declined 21.62% MoM in Feb 2024 11
6.3 China's nickel sulphate import volume grew 75.35% YoY in Feb 2024 12
6.4 China's refined nickel (Co＞0.005%) export volume fell 60.23% YoY in Feb 2024 13
6.5 China's nickel concentrate import volume grew 19.24% MoM in Feb 2024 14
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
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 15
