Monthly Nickel Market Report Jan 2024
2024-02-07 16:54:39 【Print】
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Content
1. Market Highlights 4
2. Economy and Policy 4
2.1 Central bank announces simultaneous cuts in reserve requirements and interest rates. 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2.2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 6
4.1 Grand Green resumes nickel sulfate production 6
4.2 Yanzhu Metal Materials transforms electrowinning nickel production equipment 6
4.3 Xi'en New Materials to increase nickel sulfate production 6
4.4 Heyi Ni-Cr Composite Materials' ferronickel output higher than expected 6
4.5 Zhengxing Nonferrous Metal to suspend nickel sulfate production 6
4.6 Jutai New Material reduces nickel sulfate production 6
4.7 Changjiang Energy Technology halts battery grade nickel sulfate production 6
4.8 Xingnie New Materials maintains nickel sulfate production equipment 6
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 76.66% in Jan 7
5.2 Chinese refined nickel producers' production up by 5.44% YOY in Jan 7
5.3 Chinese refined nickel producers' stocks up by 16.16% MOM in Jan 7
5.4 Chinese nickel sulfate producers' operation rate posts 47.41% in Jan 7
5.5 Chinese nickel sulfate producers' output up by 5.8% MOM in Jan 8
5.6 Chinese nickel sulfate producers' inventory down by 27.15% MOM in Jan 8
5.7 Chinese ferronickel producers' operating rate reports 46.2% in Jan 8
5.8 Chinese ferronickel producers' output up by 1.31% MOM in Jan 9
5.9 Chinese ferronickel producers' stocks up by 5.19% MOM in Jan 9
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume increased 31.95% YoY in Dec 2023 9
6.2 China's refined nickel (Co＞0.005%) import volume decreased 53.89% YoY in Dec 2023 10
6.3 China's nickel sulphate import volume rose 107.12% YoY in Dec 2023 11
6.4 China's refined nickel (Co＞0.005%) export volume rose 221.19% YoY in Dec 2023 12
6.5 China's nickel concentrate import volume decreased 49.84% MoM in Dec 2023 13
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 14
8. Market Outlook for Next Month 14
8.1 Nickel cathode 99.96%min EXW China 14
8.2 Norilsk nickel cathode 99.96%min in port China 14
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 14
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 14
8.5 Ferronickel 10%min EXW China 14
8.6 Ferronickel 1.5%min EXW China 14
8.7 Philippine lateritic nickel ore 1.3%min CIF China 14
8.8 Philippine lateritic nickel ore 1.8%min CIF China 15
1. Market Highlights 4
2. Economy and Policy 4
2.1 Central bank announces simultaneous cuts in reserve requirements and interest rates. 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2.2 Philippine lateritic nickel ore 1.8%min CIF China 5
4. Company News 6
4.1 Grand Green resumes nickel sulfate production 6
4.2 Yanzhu Metal Materials transforms electrowinning nickel production equipment 6
4.3 Xi'en New Materials to increase nickel sulfate production 6
4.4 Heyi Ni-Cr Composite Materials' ferronickel output higher than expected 6
4.5 Zhengxing Nonferrous Metal to suspend nickel sulfate production 6
4.6 Jutai New Material reduces nickel sulfate production 6
4.7 Changjiang Energy Technology halts battery grade nickel sulfate production 6
4.8 Xingnie New Materials maintains nickel sulfate production equipment 6
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 76.66% in Jan 7
5.2 Chinese refined nickel producers' production up by 5.44% YOY in Jan 7
5.3 Chinese refined nickel producers' stocks up by 16.16% MOM in Jan 7
5.4 Chinese nickel sulfate producers' operation rate posts 47.41% in Jan 7
5.5 Chinese nickel sulfate producers' output up by 5.8% MOM in Jan 8
5.6 Chinese nickel sulfate producers' inventory down by 27.15% MOM in Jan 8
5.7 Chinese ferronickel producers' operating rate reports 46.2% in Jan 8
5.8 Chinese ferronickel producers' output up by 1.31% MOM in Jan 9
5.9 Chinese ferronickel producers' stocks up by 5.19% MOM in Jan 9
6. Import and Export Statistics 9
6.1 China's ferro-nickel import volume increased 31.95% YoY in Dec 2023 9
6.2 China's refined nickel (Co＞0.005%) import volume decreased 53.89% YoY in Dec 2023 10
6.3 China's nickel sulphate import volume rose 107.12% YoY in Dec 2023 11
6.4 China's refined nickel (Co＞0.005%) export volume rose 221.19% YoY in Dec 2023 12
6.5 China's nickel concentrate import volume decreased 49.84% MoM in Dec 2023 13
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 14
8. Market Outlook for Next Month 14
8.1 Nickel cathode 99.96%min EXW China 14
8.2 Norilsk nickel cathode 99.96%min in port China 14
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 14
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 14
8.5 Ferronickel 10%min EXW China 14
8.6 Ferronickel 1.5%min EXW China 14
8.7 Philippine lateritic nickel ore 1.3%min CIF China 14
8.8 Philippine lateritic nickel ore 1.8%min CIF China 15
