Nickel marke report June 2012
2012-07-13 10:47:16 【Print】
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Nickel Market Report June 2012 5
Introduction 5
1. Financial overview 5
1.1 CPI reached bottom line for past 23 months in May 5
1.2 PMI fell back in June 6
1.3 Negative factors depressed non-ferrous metal market 7
2. International market review 7
2.1 Crude oil prices fell back with sharp fluctuations in June 7
2.2 USD index kept at a high level with consolidations 8
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 sulfate market 17
4 Output in June 18
4.1 Electrolytic nickel output 18
4.2 Ferronickel output in June in China 19
5 Customs data 19
5.1 Nickel ore import up by 36.61% in May MOM 19
5.2 Chinese refined nickel import down by 42.3% in May MOM 20
5.3 Top10 unrolled non-alloy nickel enterprises in China in May 20
5.4 Ferronickel import data in May in China 25
5.5 Chinese nickel sulfate import in May up 40% MOM 27
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 A proposed $1.5 to $2 billion Atmospheric Emission Reduction (AER) program at Vale’s Sudbury 28
6.1.2 South Africa’s nickel production decreased by 9.9% 28
6.1.3 Vale Indonesia may keep export lateritic nickel ore from Indonesia 28
6.2 Electrolytic nickel industry developments 29
6.2.1 Xinyang Metal stops nickel chloride production 29
6.2.2 World nickel sully may be over 8,700t in the first quarter of 2012 29
6.2.3 Hexin Mining opened a new technology of copper and nickel separation 29
6.3 Ferronickel industrial developments 30
6.3.1 Henan Anyang Fuxing Smelt Co., Ltd., halted operation in May. 30
6.3.2 Meihekou City Tengda Cast Tube Co., Ltd., restarted operation of middle-grade ferronickel in May. 30
6.3.3 The Zhejiang Ruitian Investment construction Fujian provincial level key project - - Fuding Ruitian Nickel Alloy Project hold begins construction the ceremony. 30
7. Stainless steel industry developments 30
7.1 Stainless steel scrap 30
7.2 300 series stainless steel 31
8. Outlook for July 31
8.1 Lateritic nickel ore market outlook 31
8.2 Electrolytic nickel market forecast 31
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 PMI in 2011-2012 6
Picture 3 Crude oil futures prices in US 8
Picture 4 USD index 9
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in June: RMB/t 11
Picture 6 Nickel cathodes of Jinchuan brand factory price 13
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 14
Picture 9 Nickel of Inco brand price in Chinese spot market 15
Picture 10 Ex works price trend of ferronickel 10%min in June in China: RMB/mtu 16
Picture 11 Ex works price trend of ferronickel 4-6%min in June in China: RMB/mtu 17
Picture 12 Ex works price trend of ferronickel 7-9%min in June in China: RMB/mtu 17
Picture 13 nickel sulfate price movement in June 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 Electrolytic nickel output in June in China 18
Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in May in China 19
Table 4 Top 10 unwrought non-alloy nickel import enterprises in May in China 20
Table 5 unwrought non-alloy nickel import countries in May 21
Table 6 Top10 ferronickel import enterprises in May in China 25
Table 7 ferronickel import in detail in May in China 25
Introduction 5
1. Financial overview 5
1.1 CPI reached bottom line for past 23 months in May 5
1.2 PMI fell back in June 6
1.3 Negative factors depressed non-ferrous metal market 7
2. International market review 7
2.1 Crude oil prices fell back with sharp fluctuations in June 7
2.2 USD index kept at a high level with consolidations 8
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 sulfate market 17
4 Output in June 18
4.1 Electrolytic nickel output 18
4.2 Ferronickel output in June in China 19
5 Customs data 19
5.1 Nickel ore import up by 36.61% in May MOM 19
5.2 Chinese refined nickel import down by 42.3% in May MOM 20
5.3 Top10 unrolled non-alloy nickel enterprises in China in May 20
5.4 Ferronickel import data in May in China 25
5.5 Chinese nickel sulfate import in May up 40% MOM 27
6. Nickel industry developments 28
6.1 Lateritic nickel ore industry developments 28
6.1.1 A proposed $1.5 to $2 billion Atmospheric Emission Reduction (AER) program at Vale’s Sudbury 28
6.1.2 South Africa’s nickel production decreased by 9.9% 28
6.1.3 Vale Indonesia may keep export lateritic nickel ore from Indonesia 28
6.2 Electrolytic nickel industry developments 29
6.2.1 Xinyang Metal stops nickel chloride production 29
6.2.2 World nickel sully may be over 8,700t in the first quarter of 2012 29
6.2.3 Hexin Mining opened a new technology of copper and nickel separation 29
6.3 Ferronickel industrial developments 30
6.3.1 Henan Anyang Fuxing Smelt Co., Ltd., halted operation in May. 30
6.3.2 Meihekou City Tengda Cast Tube Co., Ltd., restarted operation of middle-grade ferronickel in May. 30
6.3.3 The Zhejiang Ruitian Investment construction Fujian provincial level key project - - Fuding Ruitian Nickel Alloy Project hold begins construction the ceremony. 30
7. Stainless steel industry developments 30
7.1 Stainless steel scrap 30
7.2 300 series stainless steel 31
8. Outlook for July 31
8.1 Lateritic nickel ore market outlook 31
8.2 Electrolytic nickel market forecast 31
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 PMI in 2011-2012 6
Picture 3 Crude oil futures prices in US 8
Picture 4 USD index 9
Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in June: RMB/t 11
Picture 6 Nickel cathodes of Jinchuan brand factory price 13
Picture 7 Nickel cathodes of Jinchuan brand price in spot market 14
Picture 8 Nickel of Norilsk brand price in Chinese spot market 14
Picture 9 Nickel of Inco brand price in Chinese spot market 15
Picture 10 Ex works price trend of ferronickel 10%min in June in China: RMB/mtu 16
Picture 11 Ex works price trend of ferronickel 4-6%min in June in China: RMB/mtu 17
Picture 12 Ex works price trend of ferronickel 7-9%min in June in China: RMB/mtu 17
Picture 13 nickel sulfate price movement in June 18
Table
Table 1 Inventory quantity and vessel mooring situation 10
Table 2 Electrolytic nickel output in June in China 18
Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in May in China 19
Table 4 Top 10 unwrought non-alloy nickel import enterprises in May in China 20
Table 5 unwrought non-alloy nickel import countries in May 21
Table 6 Top10 ferronickel import enterprises in May in China 25
Table 7 ferronickel import in detail in May in China 25
