Nickel Market Report April 2012
2012-05-25 11:48:47 【Print】
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Introduction 5
1 Financial overview 5
1.1 Domestic finance 5
1.1.1 CPI declines to 3.4% in April in China 5
1.1.2 PMI continues to rise with declining growth rate in April 6
1.1.3 Industrial enterprise profits amounted to RMB1044.9 billion in Q1, down by 1.3% YoY 7
1.2 International finance and economy 8
1.2.1 Global manufacturing industry index for April 8
1.2.2 Global crude oil price fell with fluctuation 10
1.2.3 Us economy slowly recover with USD index slightly falling 10
1.2.4 Gold price slightly fluctuates in April 11
3. Global spot market review 12
3.1 Lateritic nickel ore market 12
3.2 Electrolytic nickel market 15
3.3 Ferronickel market 17
3.4 Nickel salt market 19
4 Output in April 20
4.1 Electrolytic nickel output 20
4.2 Ferronickel output in April in China 20
5 Customs data 21
5.1 Nickel ore import increased by 8.77% MOM in March in China 21
5.2 Chinese refined nickel import up by 8.2% in March MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in March 22
5.4 Ferronickel import data in March in China 26
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 Lateritic nickel ore import may decrease by 75% from Indonesia due to the ban export policy in May 28
6.1.2 Indonesia plans embargo unfinished metal ore from May 28
6.1.3 Some iron plans in Hebei rebuild low-grade lateritic nickel ore for lower production cost 29
6.2 Electrolytic nickel industry developments 29
6.2.1 Sumitomo produces 41,000t of refined nickel in Fiscal year 2012 29
6.2.2 US nickel export up by 18.4% MON in Mar 29
6.2.3 INSG: Global nickel oversupplies by 26,700t in Feb 29
6.3 Ferronickel industrial developments 30
6.3.1 The Yancheng Dafeng Port goes to Indonesia to construct the ferronickel project 30
6.3.2 Indonesian peaceful Tamm opened 6000 metric ton/years the ferro-nickel iron refinery 30
6.3.3 Inner Mongolia Rongshun Smelt Co., Ltd., halts production in early 2011 31
7. Stainless steel industry developments 31
7.1 Stainless steel scrap 31
7.2 300 series stainless steel 31
8. Outlook for May 31
8.1 Lateritic nickel ore market outlook 31
8.2 Electrolytic nickel market forecast 32
8.3 Ferronickel market outlook 32
8.4 nickel salt market outlook 32
Picture
Picture 1 CPI and PPI in 2011-2012 6
Picture 2 PMI in 2011-2012 in China 7
Picture 3 US crude oil futures prices 10
Picture 4 USD index 11
Picture 5 International gold prices 12
Picture 6 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in April: RMB/t 14
Picture 7 Nickel cathodes of Jinchuan brand factory price 16
Picture 8 Nickel cathodes of Jinchuan brand price in spot market 16
Picture 9 Nickel of Norilsk brand price in Chinese spot market 17
Picture 10 Nickel of Inco brand price in Chinese spot market 17
Picture 11 Ex works price trend of ferronickel 10%min in April in China: RMB/mtu 18
Picture 12 Ex works price trend of ferronickel 4-6%min in March in China: RMB/mtu 19
Picture 13 Ex works price trend of ferronickel 7-9%min in March in China: RMB/mtu 19
Table
Table 1 Inventory quantity and vessel mooring situation 13
Table 2 Electrolytic nickel output in April in China 20
Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in March in China 21
Table 4 Top 10 unwrought non-alloy nickel import enterprises in March in China 22
Table 5 Top 10 unwrought non-alloy nickel import countries in March 23
Table 6 Top10 ferronickel import enterprises in March in China 26
Table 7 ferronickel import in detail in March in China 26
1 Financial overview 5
1.1 Domestic finance 5
1.1.1 CPI declines to 3.4% in April in China 5
1.1.2 PMI continues to rise with declining growth rate in April 6
1.1.3 Industrial enterprise profits amounted to RMB1044.9 billion in Q1, down by 1.3% YoY 7
1.2 International finance and economy 8
1.2.1 Global manufacturing industry index for April 8
1.2.2 Global crude oil price fell with fluctuation 10
1.2.3 Us economy slowly recover with USD index slightly falling 10
1.2.4 Gold price slightly fluctuates in April 11
3. Global spot market review 12
3.1 Lateritic nickel ore market 12
3.2 Electrolytic nickel market 15
3.3 Ferronickel market 17
3.4 Nickel salt market 19
4 Output in April 20
4.1 Electrolytic nickel output 20
4.2 Ferronickel output in April in China 20
5 Customs data 21
5.1 Nickel ore import increased by 8.77% MOM in March in China 21
5.2 Chinese refined nickel import up by 8.2% in March MOM 21
5.3 Top10 unrolled non-alloy nickel enterprises in China in March 22
5.4 Ferronickel import data in March in China 26
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 Lateritic nickel ore import may decrease by 75% from Indonesia due to the ban export policy in May 28
6.1.2 Indonesia plans embargo unfinished metal ore from May 28
6.1.3 Some iron plans in Hebei rebuild low-grade lateritic nickel ore for lower production cost 29
6.2 Electrolytic nickel industry developments 29
6.2.1 Sumitomo produces 41,000t of refined nickel in Fiscal year 2012 29
6.2.2 US nickel export up by 18.4% MON in Mar 29
6.2.3 INSG: Global nickel oversupplies by 26,700t in Feb 29
6.3 Ferronickel industrial developments 30
6.3.1 The Yancheng Dafeng Port goes to Indonesia to construct the ferronickel project 30
6.3.2 Indonesian peaceful Tamm opened 6000 metric ton/years the ferro-nickel iron refinery 30
6.3.3 Inner Mongolia Rongshun Smelt Co., Ltd., halts production in early 2011 31
7. Stainless steel industry developments 31
7.1 Stainless steel scrap 31
7.2 300 series stainless steel 31
8. Outlook for May 31
8.1 Lateritic nickel ore market outlook 31
8.2 Electrolytic nickel market forecast 32
8.3 Ferronickel market outlook 32
8.4 nickel salt market outlook 32
Picture
Picture 1 CPI and PPI in 2011-2012 6
Picture 2 PMI in 2011-2012 in China 7
Picture 3 US crude oil futures prices 10
Picture 4 USD index 11
Picture 5 International gold prices 12
Picture 6 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in April: RMB/t 14
Picture 7 Nickel cathodes of Jinchuan brand factory price 16
Picture 8 Nickel cathodes of Jinchuan brand price in spot market 16
Picture 9 Nickel of Norilsk brand price in Chinese spot market 17
Picture 10 Nickel of Inco brand price in Chinese spot market 17
Picture 11 Ex works price trend of ferronickel 10%min in April in China: RMB/mtu 18
Picture 12 Ex works price trend of ferronickel 4-6%min in March in China: RMB/mtu 19
Picture 13 Ex works price trend of ferronickel 7-9%min in March in China: RMB/mtu 19
Table
Table 1 Inventory quantity and vessel mooring situation 13
Table 2 Electrolytic nickel output in April in China 20
Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in March in China 21
Table 4 Top 10 unwrought non-alloy nickel import enterprises in March in China 22
Table 5 Top 10 unwrought non-alloy nickel import countries in March 23
Table 6 Top10 ferronickel import enterprises in March in China 26
Table 7 ferronickel import in detail in March in China 26
