Nickel Market Report May 2012
2012-06-15 10:40:52 【Print】
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Introduction 5
1 Financial overview 5
1.1 Domestic financial overview 5
1.1.1 Chinese CPI falls back slightly in April 5
1.2 Chinese PMI falls back in May 6
1.1.3 Chinese banks reduce loan increment, economic growth slows down 6
1.2 International financial overview 7
1.2.1 Global crude oil price falls back largely in May 7
.2.2 Gold price declines as banks financial situation deteriorate in Spain 8
2.3 US dollar index increases largely due to risk aversion 8
3. Global spot market review 9
3.1 Lateritic nickel ore market 9
3.2 Electrolytic nickel market 12
3.3 Ferronickel market 15
3.4 Nickel sulfate market 17
4 Output in April 18
4.1 Electrolytic nickel output 18
4.2 Ferronickel output in May in China 19
5 Customs data 19
5.1 Nickel ore import up by 30.69% in April MOM 19
5.2 Chinese refined nickel import down by 61% in April MOM 20
5.3 Top10 unrolled non-alloy nickel enterprises in China in April 20
5.4 Ferronickel import data in March in China 24
5.5 Chinese nickel sulfate import in April up 8.7% MOM 26
6. Nickel industry developments 27
6.1 Lateritic nickel ore industry developments 27
6.1.1 South Korean Resources Company announced Madagascar Arab League Masurium holds the nickel ore project to go into production 27
6.1.2 The Papua New Guinean Ram nickel ore will ship out the first batch nickel ore to Chinese 27
6.1.3 Indonesian government announcement HPE of lateritic nickel ore and these prices’ validity is from June 1, 2012 to June 30 28
6.2 Electrolytic nickel industry developments 28
6.2.1 Chaoyang Haotian signs 300,000t of nickel alloy project with Beipiao 28
6.2.2 World nickel production may reach 1,690,000t in 2012 29
6.2.3 Russia increases export duty by 16.2% 29
6.2.4 Top 10 world nickel producers in 2011 29
6.3 Ferronickel industrial developments 29
6.3.1 The Chaoyang advantage Xin non-ferrous metal ferro-nickel iron three issue of projects mid-May try to move. 29
6.3.2 Sichuan Shunfa Electric Smelting Co. Ltd. reduced ferronickel 10%min production 30
6.3.3 Zengong County Qinjian Ferroalloy Co., Ltd., plans to start ferronickel 10%min production in end-June 2012. 30
7. Stainless steel industry developments 30
7.1 Stainless steel scrap 30
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 of China in 2011-2012 5
Picture 2 Chinese PMI in 2011-2012 6
Picture 3 The price of international crude oil in May 7
Picture 4 The price of gold in May 8
Picture 5 US dollar index in May 9
Picture 6 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in May: RMB/t 11
Picture 7 Nickel cathodes of Jinchuan brand factory price 13
Picture 8 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 9 Nickel of Norilsk brand price in Chinese spot market 14
Picture 10 Nickel of Inco brand price in Chinese spot market 15
Picture 11 Ex works price trend of ferronickel 10%min in May in China: RMB/mtu 17
Picture 12 Ex works price trend of ferronickel 4-6%min in May in China: RMB/mtu 17
Picture 13 Ex works price trend of ferronickel 7-9%min in May in China: RMB/mtu 17
Picture 14 nickel sulfate price movement in May 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 Electrolytic nickel output in May in China 18
Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in April in China 19
Table 4 Top 10 unwrought non-alloy nickel import enterprises in April in China 20
Table 5 Top 10 unwrought non-alloy nickel import countries in April 21
Table 6 Top10 ferronickel import enterprises in April in China 24
Table 7 ferronickel import in detail in March in China 25
