Commodity Market Report
Global nickel short-term outlook April 2019
Report summary
Nickel prices moved lower at the end of April, triggered by comments on the Chinese economy. Near-term outlook looks bearish due to the ramp up of more NPI in China and Indonesia, whereas high stainless stocks signal that cuts in melting are likely in China. Even though H2 maybe more positive, the nickel market will end 2019 with a small surplus, while the deficits once forseen for 2020 and 2021 are much reduced.
Table of contents
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Asia
- China
- South Korea
- Europe
- North America
- Nickel alloys
Tables and charts
This report includes 13 images and tables including:
- Boeing aircraft deliveries could be lower in 2019 due to 737 schedule adjustment
- Global quarterly refined consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Global refined nickel consumption (kt)
- Global stainless steel production (kt raw steel basis)
- Chinese and Indonesian NPI is still expanding
- Global nickel mine production/capability (kt)
- Global nickel smelter production/capability (kt)
- Global finished nickel production/capability (kt)
- Nickel stocks and premiums
- Global refined nickel supply-demand balance (kt)
- Chinese imports of stainless HRC dominated by Indonesia since September 2017
- Reported Wuxi/Foshun stainless stocks at record high at end of Q1 2019
What's included
This report contains:
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