Commodity Market Report
Global nickel short-term outlook April 2020
Report summary
The ongoing downgrade to our demand outlook, to reflect the global recession we believe is now unavoidable, leaves the nickel market with a substantial cumulative surplus for the 2020-2022 period. Even assuming China recovers quickly and that there is no second wave there, the outlook for the next couple of years is a bleak one of sustained low prices. The projected oversupply could be partly redressed by more widespread production cuts but prices are not currently low enough to force that. But lower nickel prices are coming.
Table of contents
-
Asia
- China
- India
- Indonesia
- Japan
- South Korea
- Taiwan
- Europe
-
The Americas
- USA
- Nickel in non-ferrous alloys
Tables and charts
This report includes 13 images and tables including:
- Changes in quarterly stainless steel production in Europe
- Potential decline in commercial aircraft deliveries in 2020
- 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)
- Filipino nickel ore exports so far in 2020
- 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)
- Changes in quarterly stainless steel production in China
What's included
This report contains:
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