Commodity market report
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24 Pages

Global nickel short-term outlook August 2017


Global nickel short-term outlook August 2017

Report summary

The upward momentum in nickel prices that was precipitated in July by a pick-up in China's nickel and stainless markets, was spurred on in August by the announced closure of Ravensthorpe and deferral of underground development at Voisey's Bay. Further interruptions to supply will amplify the growing market perception of material tightness at the front end of an electric vehicle powered demand boom.

What's included?

This report includes 2 file(s)

  • Global nickel short-term outlook August 2017 PDF - 458.48 KB 24 Pages, 13 Tables, 9 Figures
  • Global nickel STO data tables August 2017.xls XLS - 422.00 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 Short 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
    • Key forecasts
  • Supply-demand balances
    • LME and SHFE nickel stocks, and nickel prices
    • Global nickel quarterly supply-demand balance
  • Demand
    • Quarterly global nickel consumption in stainless steel (kt)
  • Supply
    • Global nickel mine production/capability (kt)
    • Global refined nickel supply-demand balance (kt)

In this report there are 22 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Supply-demand balances: Table 1
    • LME cash and 3-month spread
  • Demand
    • Demand: Table 1
    • Quarterly refined nickel consumption by first use (kt)
    • Japanese stainless steel product domestic sales and exports
    • Demand: Image 2
    • Demand: Image 3
    • Chinese nickel sulphate capacity - expanding rapidly
    • US stainless sales & exports: mills vs service centres
    • Demand: Image 6
    • Demand: Table 3
    • Quarterly global stainless steel production (kt raw steel basis)
    • Global refined nickel consumption (kt)
    • Global stainless steel production (kt raw steel basis)
  • Supply
    • Chinese nickel sulphate production capacity
    • Supply: Table 1
    • Global nickel smelter production/capability (kt)
    • Global nickel metal production/capability (kt)
    • Supply: Table 4
    • Supply: Table 5
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