Commodity Market Report
Global nickel short-term outlook February 2021
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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
The upward march of the nickel price continues despite even more NPI coming out of Indonesia. A resurgence in Chinese demand is expected in March, after the February holiday, and currently strong demand from stainless in other countries will likely continue through Q2. With so much NPI now available to Chinese stainless mills, Class 1 nickel use is minimal, scrap ratios are falling, and the need to keep importing FeNi diminishes sharply from next year.
Table of contents
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Asia
- China
- Japan
- South Korea
- Europe
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North America
- USA
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Nickel in non-stainless
- Batteries
Tables and charts
This report includes the following images and tables:
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European imports of stainless steel flat products - decreasing since Mid-2020China's changing requirement for nickel raw materials in stainless steelmakingJapanese stainless melt output and nickel use - rebound in Q4 2020
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Japanese stainless shipments recovering in Q4 2020Quarterly 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)Satellite image of Indonesia Weda Bay Industrial Park (IWIP)Global nickel mine production/capability (kt)Global nickel smelter production/capability (kt)Global finished nickel production/capability (kt)
- 2 more item(s)...
What's included
This report contains:
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