Commodity Market Report
Global nickel short-term outlook January 2022
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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 leap on longs and short covering triggered by Indonesian comments alluding to a tax on NPI exports and other nickel raw materials. At the same time LME stocks continued their decline with cancellations rising to more than half of what is left. With sentiment still bullish and demand remaining strong, even after factoring in the seasonally weak China, there is little to stop nickel prices going higher, until the second half of 2022.
Table of contents
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Nickel in stainless
- Asia
- China
- India
- Europe
- North America
- USA
- Nickel in battery chemicals
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)
- Year-on-year changes in refined nickel production, by product type
- Satellite image of PT Gunbuster, Sulawesi, Indonesia
- 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)
- Year-on-year changes in Chinese quarterly stainless steel production
- 1 more item(s)...
What's included
This report contains:
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