• Aluminum Alloy TC A356.2 Delivered Chinaup(10)  12-02|Chrome Conc. 40%min FOB S.A. down(-6.5)  12-02|Antimony Trioxide 99.5%min In warehouse Baltimoreup(0.5)  12-02|Chrome Conc. S.A. 40%min CIF Chinadown(-7)  12-02|Antimony Ingot 99.65%min In warehouse Baltimoreup(0.5)  12-02|Chrome Conc. S.A. 42%min CIF Chinadown(-7)  12-02|Antimony Ingot 99.65%min In port Indiaup(50)  12-02|Aluminum Fluoride 61%min EXW Chinaup(300)  12-02|Selenium Dioxide 98%min Delivered Chinadown(-3)  12-02|Silico-chrome Si 42%min, Cr 30%min EXW Chinadown(-200)  12-02|Iron Ore Fine 65%min EXW Laiwuup(23)  12-02|Chrome Lump S.A. 38%min CIF Chinadown(-5)  12-02|Iron Ore Fine 66%min Ex-VAT EXW Handanup(20)  12-02|Ferro-chrome Cr 60%min, C 0.1%max FOB Chinadown(-0.04)  12-02
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    Nickel Market Report October 2012

    2012-11-22 11:41:35   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    Introduction 5
    1. Financial overview 5
    1.1 CPI up by 1.Asian Metal Copyright2 Chinese PMI picked up in October 6 2.Asian Metal Copyright9% and PPI down by 3.6% YOY in September 5
    1.2 Chinese PMI picked up in October 6
    2. International market review 7
    2.1 Futures prices of crude oil downward in October 7
    2.2 European economy remained depressed while US dollar index rebounded in concussion 8
    2.3 More uncertainty expected in non-ferrous metals industry due to sluggish global economy 9
    3. Global spot market review 10
    3.1 Lateritic nickel ore market 10
    3.2 Nickel cathodes market 13
    3.3 Ferronickel market 16
    3.4 Nickel sulfate market 19
    4 Output in October 21
    4.1 Nickel cathodes output 21
    4.2 Ferronickel output in October in China 21
    5 Customs data 22
    5.1 Nickel ore import up by 3.83% in September MOM 22
    5.2 Chinese refined nickel import down by 12.55% in September MOM 23
    5.3 Top10 unrolled non-alloy nickel enterprises in China in September 23
    5.4 Ferronickel import data in September in China 23
    5.5 Chinese nickel sulfate import in September up 4.26% MOM 24
    6. Nickel industry developments 25
    6.1 Lateritic nickel ore industry developments 25
    6.1.Asian Metal Copyright3.Asian Metal Copyright1 PT Central Omega Resources (DKFT) signed an agreement on Thursday with Asiazone Co Ltd, a subsidiary of Taiwan-based E United Group, for the creation of a joint venture in the nickel-smelting business. 25
    6.1.Asian Metal Copyright1 The Ramu project may start to produce nickel ore in end of this year or early next year.Asian Metal Copyright2 Vale output in three quarter decreased by 19.8% 26
    6.1.3 Talvivaara can’t reach the task of nickel output in 2012 26
    6.1.4 Vale’ nickel plant in New Caledonia– VNC resumed production in Septmeber 26
    6.2 Nickel cathodes industry developments 26
    6.2.Asian Metal Copyright83% in September MOM 22 5.Asian Metal Copyright1 The Ramu project may start to produce nickel ore in end of this year or early next year. 26
    6.2.Asian Metal Copyright1 PT Central Omega Resources DKFT signed an agreement on Thursday with Asiazone Co Ltd, a subsidiary of Taiwan-based E United Group, for the creation of a joint venture in the nickel-smelting business.Asian Metal Copyright2 Guangxi Yinyi Science and Technology Mining and Metallurgy Co.Asian Metal Copyright1.Asian Metal Copyright, Ltd. started equipment overhaul 26
    6.2.Asian Metal Copyright3 Talvivaara can’t reach the task of nickel output in 2012 26 6.Asian Metal Copyright3 Vale’s nickel sales volume in first three quarter in 2012 is around 1,740,000t. 26
    6.3 Ferronickel industrial developments 26
    6.3.Asian Metal Copyright3 Ferronickel market outlook 28 8.Asian Metal Copyright1 Colombia will renegotiate out-dated contract terms including royalty payments for BHPBilliton's Cerro Matoso and will keep cooperation until 2029. 26
    6.3.Asian Metal Copyright3.Asian Metal Copyright2 Hanwang Group will start nickel smelt project with output 60,000tpm in Indonesia. 26
    6.3.Asian Metal Copyright Financial overview 5 1.Asian Metal Copyright3 Tieling City Qinghe District Kaisheng Forging started ignition by rotary kiln. 26
    6.3.Asian Metal Copyright 26 6.Asian Metal Copyright4 Vale will suspend their Frood nickel ore in Canada. . 27
    6.3.Asian Metal Copyright2 Nickel cathodes market forecast 27 8.Asian Metal Copyright5 Indoferro started ferronickel production in Indonesia and the output may reach 250,000tpy in 2013. 27
    7. Stainless steel industry developments 27
    7.1 Stainless steel scrap 27
    7.2 300 series stainless steel 27
    8. Outlook for November 27
    8.1 Lateritic nickel ore market outlook 27
    8.2 Nickel cathodes market forecast 27
    8.3 Ferronickel market outlook 28
    8.4 Nickel salt market outlook 28

    Picture
    Picture 1 Chart of CPI and PPI in China during 2011-2012 6
    Picture 2 Chinese PMI chart during 2011-2012 7
    Picture 3 Nymax WTI prices chart 8
    Picture 4 Chart of USDX tendency 9
    Picture 5 Chinese lateritic nickel ore (nickel content of 1.8%) delivered-at-ports price trend in October: RMB/t 12
    Picture 6 Nickel cathodes of Jinchuan brand factory price 14
    Picture 7 Nickel cathodes of Jinchuan brand price in spot market 15
    Picture 8 Nickel of Norilsk brand price in Chinese spot market 15
    Picture 9 Nickel of Inco brand price in Chinese spot market 16
    Picture 10 Ex works price trend of ferronickel 10%min in October in China: RMB/mtu 18
    Picture 11 Ex works price trend of ferronickel 4-6%min in October in China: RMB/mtu 19
    Picture 12 Ex works price trend of ferronickel 7-9%min in October in China: RMB/mtu 19
    Picture 13 nickel sulfate price movement in October 20
    Table
    Table 1 Inventory quantity and vessel mooring situation 11
    Table 2 nickel cathodes output in October in China .19
    Table 3 Top 10 import enterprises of nickel ore sand and nickel concentrate in September in China 20
    Table 4 Top 10 unwrought non-alloy nickel import enterprises in September in China 21
    Table 5 China top 10 ferronickel import enterprises review in September 22

    .Asian Metal Copyright5 Indoferro started ferronickel production in Indonesia and the output may reach 250,000tpy in 2013Asian Metal Copyright
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