Commodity Market Report
Global nickel short-term outlook December 2019
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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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