Commodity Market Report
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
-
Asia
- China
- India
- Europe
-
North America
- USA
-
Nickel in non-stainless
- Batteries
-
Asia
- Indonesia
-
Europe
- Russia
-
Latin America
- Colombia
-
Oceania
- New Caledonia
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:
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