Monthly Nickel Market Report Sep 2018

Contents

Market Highlights 2
1 Economy and Policy 2
2 Chinese market review 2
2.1 Prices for nickel cathodes continuously down 2
2.2 High and middle grade Ferronickel prices moves down while the price for low grade ferronickel moves up 2
2.3 Nickel sulfate price constantly down 3
2.4 Prices for spot lateritic nickel ore moves down further 3
3 International market review 4
3.1 LME nickel prices constantly goes down 4
3.2 Prices for middle Philippine lateritic nickel ore moves up further while the price for high grade lateritic nickel ore moves down 4
4 Production and stocks data 5
4.1 Chinese nickel cathode output up by 6.4% MOM in September 5
4.2 Chinese ferronickel output down by 10.8% MOM in September 5
4.3 Chinese nickel sulfate output up by by 1.0% MOM in September 6
4.4 Chinese ferronickel smelter lateritic nickel ore stock up by 11.2% MOM in September 6
5 Company news 7
5.2 U.Asian Metal Copyright3 Chinese nickel sulfate output up by by 1.Asian Metal CopyrightS. to levy tariffs on USD200 billion of Chinese imports 7
5.3 Huayi Chemical halts nickel sulfate production 7
5.4 Shanxi to grant pollutant emission permits in six industries 7
6 Relevant Industry News 8
6.1 The NCM precursor price constantly goes down 8
7 Market outlook 8
7.1 Nickel cathode 8
7.2 Ferronickel 8
7.3 Nickel sulfate 8
7.4 Lateritic nickel ore 8


Graphs

Graph 1 Jinchuan nickel cathode price in the Chinese spot market from Aug to Sep 2018 (RMB/t) 2
Graph 2 Norilsk nickel cathode prices in the Chinese spot market from Aug to Sep 2018 (RMB/t) 2
Graph 3 Inco nickel prices in the Chinese spot market from Aug to Sep 2018 (RMB/t) 2
Graph 4 Delivered-to-plants prices for Chinese ferronickel 10%min from Aug to Sep 2018 (RMB/mtu) 3
Graph 5 Chinese ferronickel 1.5% EXW prices from Aug to Sep 2018 (RMB/t) 3
Graph 6 Chinese battery grade nickel sulfate prices Aug to Sep 2018 (RMB/t) 3
Graph 7 Chinese NCM 523 precursor prices from J Aug to Sep 2018 (RMB/t) 3
Graph 8 Chinese electroplating grade nickel sulfate prices from Aug to Sep 2018 (RMB/t) 3
Graph 9 Chinese lateritic nickel ore 1.8%min prices in ports from Aug to Sep 2018 (RMB/t) 4
Graph 10 Chinese lateritic nickel ore 1.5%min in ports from Aug to Sep 2018 (RMB/t) 4
Graph 11 LME nickel prices from Aug to Sep 2018 (USD/t) 4
Graph 12 Stocks for LME nickel from Aug to Sep 2018 (t) 4
Graph 13 CIF Prices for Philippine origin lateritic nickel ore 1.5% in China from Aug to Sep 2018 (USD/t) 4
Graph 14 CIF Prices for Philippine origin lateritic nickel ore 1.8% in China from Aug to Sep 2018 (USD/t) 5
Graph 15 Lateritic nickel ore stocks in China from Jan 2017 to Sep 2018 (kt) 6

Tables

Table 1 China's NCM precursor outputs by province (t) 6









.Asian Metal Copyright8% in China from Aug to Sep 2018 USDt 5 Graph 15 Lateritic nickel ore stocks in China from Jan 2017 to Sep 2018 kt 6 Tables Table 1 China's NCM precursor outputs by province t 6 Asian Metal Copyright