Commodity Market Report
Global nickel short-term outlook August 2022
Report summary
Global stainless markets look increasingly bearish for H2 2022, the ongoing decline in Chinese production forcing another downgrade to our forecast. This is contributing toward a large surplus in NPI. The battery segment is doing better but cannot yet process all the nickel intermediates becoming available into nickel sulphate. Meanwhile, nickel prices have fallen back from the highs of Q2 but they are still supported by the tight supply of Class I nickel.
Table of contents
-
Nickel in stainless
- Asia
- China
- Indonesia
- Europe
- North America
-
Nickel in non-stainless
- Battery raw materials
- Appendix - Data Tables
Tables and charts
This report includes 14 images and tables including:
- Quarterly global refined nickel consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Global refined nickel consumption (kt)
- Global stainless steel production (kt raw steel basis)
- 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)
- Giants of Chinese stainless steel production: Tsingshan and Baowu by plant capacity
- European change in quarterly stainless production, by country
- US stainless: melt production falls as imports increase
- Battery nickel raw materials feeds by share
- Battery nickel raw material feeds by volume
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global nickel short-term outlook March 2024
Nickel prices rallied in March on anticipated supply tightening, but then retreated.
$5,000
Commodity Market Report
Global nickel short-term outlook February 2024
Nickel prices rally as more plant suspensions fuel market optimism.
$5,000
Commodity Market Report
Global nickel short-term outlook January 2024
Nickel prices respond to the opposing pressures of underlying oversupply and a growing list of production disruptions.
$5,000