Commodity Market Report
Global nickel short-term outlook December 2020
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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
Nickel prices surge past US$17,000/t as SHFE nickel stock fall to their lowest level since June 2019. Other signals also point upwards: Chinese NPI supply is expected to tighten in 2021 so disruptive protests in Indonesia and New Caledonia will be an added concern; European stainless is looking stronger as higher prices could trigger re-stocking; Covid inoculation programmes have boosted market sentiment which is further supported by the future of electrification.
Table of contents
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Asia
- China
- India
- Europe
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North America
- USA
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Nickel in non-stainless
- Batteries
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Asia
- Indonesia
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Europe
- Russia
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Latin America
- Colombia
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Oceania
- New Caledonia
Tables and charts
This report includes the following images and tables:
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Chinese monthly stainless steel production trends, by grade (indexed)Indian hot rolled stainless importsIndian cold rolled stainless imports
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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 premiumsGlobal refined nickel supply-demand balance (kt)
What's included
This report contains:
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