Commodity Market Report

Global nickel short-term outlook December 2020

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21 December 2020

Global nickel short-term outlook December 2020

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

Tables and charts

This report includes 12 images and tables including:

  • Chinese monthly stainless steel production trends, by grade (indexed)
  • Indian hot rolled stainless imports
  • Indian cold rolled stainless imports
  • 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)

What's included

This report contains:

  • Document

    Global Nickel Short Term Outlook December 2020

    PDF 1.05 MB