Commodity Market Report
Global nickel short-term outlook July 2020
Report summary
Indonesia is pushing the global nickel market into oversupply. After further assessment of the latest NPI developments we have added more than 120 ktpa to the already large surpluses we reported last month for 2021 and 2022. Normally this would suppress prices and yet nickel rallied further in July, buoyed up by the rebound in China and ongoing easing of lock down elsewhere. But how long can this optimism last?
Table of contents
-
Asia
- China
- Japan
- South Korea
- Malaysia
- Europe
- Latin America
- North America
-
Nickel in non-stainless
- Aerospace
- Batteries
Tables and charts
This report includes 15 images and tables including:
- Changes in quarterly stainless steel production in China
- Imports of Indonesian hot-rolled stainless penetrate Malaysian market
- Aircraft deliveries down sharply in 2020 due to the pandemic
- Global quarterly refined consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Global refined nickel consumption (kt)
- Global stainless steel production (kt raw steel basis)
- Operating and planned RKEF lines by 2022
- Indonesian nickel in NPI production forecast
- Weda Bay development (June 2018 to July 2020)
- 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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