Nickel market report January 2012
2012-02-22 18:05:21 【Print】
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Nickel market report January 2012
Index
Introduction 4
1. Financial overview 4
1.1. Chinese CPI continues to fall down in December, with increases of 5.4% in 2011 4
1.2 Chinese PMI index accidently heightens in January 5
1.3. US economic data improves 6
1.4. European central bank releases liquidity with fewer concerns about European debt crisis 6
2. International market review 6
2.1. Gold and oil price keeps high, supporting nonferrous metal price to rise 6
3. Global spot market review 9
3.1. Lateritic nickel ore market 9
3.2. Nickel cathodes market 12
3.3. Ferronickel market 15
3.4. Nickel salt market 17
4. Monthly output data 18
4.2 Chinese ferronickel output statistics in December 20
5. Customs data 21
5.1. Chinese lateritic nickel ore import up by 37.55% month on month in December 21
5.2. China’s refined nickel and alloy import volumes up by 2.14% month on month in December 22
5.3. Chinese top 10 unwrought unalloyed nickel import enterprises overview 23
5.4. Chinese ferronickel imports in December 29
5.5. China’s nickel chloride imports up by 145.5% month on month in December 32
6. Nickel industry news 32
6.1. Lateritic nickel ore industry news 32
6.1.1. Canadian CaNickelMining cuts production 32
6.1.2. Philippine-based Nihao Mineral Resources Corporation plans to build new smelter 33
6.1.3. VALE cuts products 33
6.2. Nickel cathodes development news 33
6.2.1. Jiuli Special Material Technology Corporation Limited raised investment nickel project smoothly puts into operation 33
6.2.2. Norilsk Nickel gains approval for budget of next year 34
6.2.3．Yunxi Group Yuanjiang Nickel Company over-fulfills goal of 2011 35
6.3. Ferronickel industry development news 36
6.3.1. Huale Alloy Corporation Limited starts nickel alloy production 36
6.3.2. Ningxia Hengshun Smelter Group Limited restarts one electric arc furnace for ferronickel production 36
6.3.3. Taian Zongli Trading Corporation Limited recovers ferronickel production 36
7. Related industry developments 37
7.1. Stainless steel industry developments 37
7.2 Nickel salt industries development 37
7.2.1 Shunying Mining maintains regular production of nickel powder 37
7.2.2 Chinese export of Ni-H battery up 3.18% MoM in December 2011 38
8. Outlook for February 39
8.1 Outlook on lateritic nickel ore 39
8.2 Outlook on nickel cathodes 39
8.3 Outlook on ferronickel 40
8.4 Outlook on nickel salt 40
Picture
Picture 1 CPI and PPI in 2011 6
Picture 2 nickel cathodes on LME movement in Jan 8
Picture 3 US gold price movement 9
Picture 4 US crude oil price movement 9
Picture 5 US dollar movement 10
Picture 6 Price trend of lateritic nickel 1.8%min in Chinese spot market in December (unit: 12
Picture 7 Ex works price for nickel cathodes with Jinchuan brand 14
Picture 8 market price for nickel cathodes with Jinchuan brand 15
Picture 9 market price for nickel cathodes with Norilsk brand 15
Picture 10 market price for nickel cathodes with Inco brand 16
Picture 11 Chinese Ferronickel 10-15%min spot market trend of December graph (Unit: RMB/t) 17
Picture 12 Chinese Ferronickel 4-6% spot market trend of December graph (Unit: RMB/t) 18
Picture 13 Chinese Ferronickel 7-9%min spot market trend of December graph (Unit: RMB/t) 18
Picture 14 situation of nickel production in 2011 20
Picture 15 Nickel production in varies provinces in China in second half of 2011 21
Picture 16 Chinese nickel ore import in 2011 22
Picture 17 China refined nickel ore and alloy import in 2011 24
Picture 18 China refined nickel ore and alloy export in 2011 24
Picture 19 Top 10 import companies of ferronickel in December 2011 31
Picture 20 Ni-MH Battery Export Amount in 2011 39
Picture 21 Percentage of Ni-MH and lithium battery from total battery export amount 39
Table
Table 1 The detail of stocks in each port is as follows: 11
Table 2 situation of major nickel producers 20
Table 3 Top 10 import companies of nickel ore in December 2011 （Unit: kg） 22
Table 4 China top 10 un-Forging non-alloy nickel import enterprises review in November 25
Table 5 un-Forging non-alloy nickel import enterprises in Nov 2011 25
Table 7 The statistics of ferronickel in December 31
Index
Introduction 4
1. Financial overview 4
1.1. Chinese CPI continues to fall down in December, with increases of 5.4% in 2011 4
1.2 Chinese PMI index accidently heightens in January 5
1.3. US economic data improves 6
1.4. European central bank releases liquidity with fewer concerns about European debt crisis 6
2. International market review 6
2.1. Gold and oil price keeps high, supporting nonferrous metal price to rise 6
3. Global spot market review 9
3.1. Lateritic nickel ore market 9
3.2. Nickel cathodes market 12
3.3. Ferronickel market 15
3.4. Nickel salt market 17
4. Monthly output data 18
4.2 Chinese ferronickel output statistics in December 20
5. Customs data 21
5.1. Chinese lateritic nickel ore import up by 37.55% month on month in December 21
5.2. China’s refined nickel and alloy import volumes up by 2.14% month on month in December 22
5.3. Chinese top 10 unwrought unalloyed nickel import enterprises overview 23
5.4. Chinese ferronickel imports in December 29
5.5. China’s nickel chloride imports up by 145.5% month on month in December 32
6. Nickel industry news 32
6.1. Lateritic nickel ore industry news 32
6.1.1. Canadian CaNickelMining cuts production 32
6.1.2. Philippine-based Nihao Mineral Resources Corporation plans to build new smelter 33
6.1.3. VALE cuts products 33
6.2. Nickel cathodes development news 33
6.2.1. Jiuli Special Material Technology Corporation Limited raised investment nickel project smoothly puts into operation 33
6.2.2. Norilsk Nickel gains approval for budget of next year 34
6.2.3．Yunxi Group Yuanjiang Nickel Company over-fulfills goal of 2011 35
6.3. Ferronickel industry development news 36
6.3.1. Huale Alloy Corporation Limited starts nickel alloy production 36
6.3.2. Ningxia Hengshun Smelter Group Limited restarts one electric arc furnace for ferronickel production 36
6.3.3. Taian Zongli Trading Corporation Limited recovers ferronickel production 36
7. Related industry developments 37
7.1. Stainless steel industry developments 37
7.2 Nickel salt industries development 37
7.2.1 Shunying Mining maintains regular production of nickel powder 37
7.2.2 Chinese export of Ni-H battery up 3.18% MoM in December 2011 38
8. Outlook for February 39
8.1 Outlook on lateritic nickel ore 39
8.2 Outlook on nickel cathodes 39
8.3 Outlook on ferronickel 40
8.4 Outlook on nickel salt 40
Picture
Picture 1 CPI and PPI in 2011 6
Picture 2 nickel cathodes on LME movement in Jan 8
Picture 3 US gold price movement 9
Picture 4 US crude oil price movement 9
Picture 5 US dollar movement 10
Picture 6 Price trend of lateritic nickel 1.8%min in Chinese spot market in December (unit: 12
Picture 7 Ex works price for nickel cathodes with Jinchuan brand 14
Picture 8 market price for nickel cathodes with Jinchuan brand 15
Picture 9 market price for nickel cathodes with Norilsk brand 15
Picture 10 market price for nickel cathodes with Inco brand 16
Picture 11 Chinese Ferronickel 10-15%min spot market trend of December graph (Unit: RMB/t) 17
Picture 12 Chinese Ferronickel 4-6% spot market trend of December graph (Unit: RMB/t) 18
Picture 13 Chinese Ferronickel 7-9%min spot market trend of December graph (Unit: RMB/t) 18
Picture 14 situation of nickel production in 2011 20
Picture 15 Nickel production in varies provinces in China in second half of 2011 21
Picture 16 Chinese nickel ore import in 2011 22
Picture 17 China refined nickel ore and alloy import in 2011 24
Picture 18 China refined nickel ore and alloy export in 2011 24
Picture 19 Top 10 import companies of ferronickel in December 2011 31
Picture 20 Ni-MH Battery Export Amount in 2011 39
Picture 21 Percentage of Ni-MH and lithium battery from total battery export amount 39
Table
Table 1 The detail of stocks in each port is as follows: 11
Table 2 situation of major nickel producers 20
Table 3 Top 10 import companies of nickel ore in December 2011 （Unit: kg） 22
Table 4 China top 10 un-Forging non-alloy nickel import enterprises review in November 25
Table 5 un-Forging non-alloy nickel import enterprises in Nov 2011 25
Table 7 The statistics of ferronickel in December 31
