Commodity Market Report
Global nickel short-term outlook February 2023
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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 retreat as the world waits for China to recover its stride and ever more matte and MHP become available for the battery stream. LME stocks may still be shrinking but that could soon reverse as less Class I is taken for nickel sulphate and more Chinese companies choose to make metal over sulphate. Stainless markets remain slow and will improve but not by enough to move the Class II market out of oversupply.
Table of contents
-
Nickel in stainless
- Asia
- China
- Indonesia
- South Korea
- Europe
-
Nickel in non-stainless
- Battery raw materials
- Appendix - Data Tables
Tables and charts
This report includes the following images and tables:
- 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)
- Quarterly European stainless steel production and year-on-year growth
- China quarterly nickel sulphate supply and demand
What's included
This report contains:
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