Commodity market report
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22 Pages

Global nickel long-term outlook Q2 2016


Global nickel long-term outlook Q2 2016

Report summary

Despite the market moving into its first quarterly deficit since Q2/11, nickel prices have remained around an average of US$3.95/lb (US$8,725/t) since March. Attempts to break higher have been undermined by high metal stocks and an uncertain Chinese economy. However, China's stainless market appears to have turned around from a pessimistic one of weak demand to one that is optimistically resurgent, and the results of our latest stainless mill survey are consistent with that perceived strength. The incorporation of this more positive outlook has led to an increase in our world nickel demand forecasts, with 8% growth now expected in 2016, to 1.99Mt, and the total rising to 2.25Mt in 2025.

What's included?

This report includes 12 file(s)

  • Global nickel long-term outlook Q2 2016 PDF - 717.66 KB 22 Pages, 3 Tables, 11 Figures
  • Nickel Tables LTO Q2 2016.pdf PDF - 1.31 MB
  • LTO Slidepack Q2 2016.pdf PDF - 788.79 KB
  • Demand main changes nickel LTO Q2 2016.xls XLS - 126.00 KB
  • Demand analysis nickel LTO Q2 2016.xls XLS - 1.47 MB
  • Supply main changes nickel LTO Q2 2016.xls XLS - 100.00 KB
  • Production rankings nickel LTO Q2 2016.xls XLS - 59.50 KB
  • Equity Production nickel LTO Q2 2016.xls XLS - 3.13 MB
  • Mine analysis nickel LTO Q2 2016.xls XLS - 610.50 KB
  • Smelter analysis nickel LTO Q2 2016.xls XLS - 308.00 KB
  • Refinery analysis nickel LTO Q2 2016.xls XLS - 751.50 KB
  • Market balance and prices nickel LTO Q2 2016.xls XLS - 340.50 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Nickel Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Demand
    • Forecast growth in world nickel consumption
    • Average stainless melt shop utilisation for top producers (>90% national output in 2016)
  • Supply
    • Africa
    • Asia
  • Supply-demand balances
    • Global nickel supply and demand - long-term supply shortfall

In this report there are 14 tables or charts, including:

  • Executive summary
  • Demand
    • Demand: Image 1
    • Global regional nickel consumption
    • Regional nickel consumption (kt)
    • Division of Chinese stainless melt production by company
    • Demand: Image 4
    • Global nickel consumption by first use
    • Global stainless steel product consumption by end use
  • Supply
    • Near-term changes in mine production capability, excluding highly probable projects (kt)
    • Near-term changes in refined production capability, excluding highly probable projects (kt)
    • Filipino ore exports to China
    • Mined nickel production capability
    • Refined nickel production capability
  • Supply-demand balances
    • Larger near-term year on year deficits now expected
    • Supply-demand balances: Image 2
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