Commodity Market Report
Global nickel short-term outlook December 2019
Report summary
Demand for nickel in stainless remains weak everywhere, notably in Europe, where second half stainless output is 12 % lower then in 2018. Stainless production rates in China are still strong but apparent oversupply highlights the continued risk of cuts, perhaps in Q1 2020. In Indonesia, further expansion from 2 Mtpa to 3 Mtpa at Tsingshan Morowali looks unlikely. The battery segment is also at a lower ebb than in H1, primarily due to softer demand in China following the change in subsidies announced midyear.
Table of contents
- Asia
- Europe
- North America
- Nickel in Non-stainless
Tables and charts
This report includes 11 images and tables including:
- European year-on-year quarterly stainless melt production
- 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)
- Nickel pig iron production lines at IMIP, Morowali, Indonesia
- 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)
What's included
This report contains:
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