Commodity Market Report
Global nickel short-term outlook July 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 picked up in late July as interest rates increased. Further support may come from the improving stainless steel industry in China, but a more significant decline in prices is coming. While the Class II nickel excess is not yet diminishing, a rise in Class I nickel stocks is imminent as Huayou becomes the first of many Chinese producers to gain approval for delivery into LME warehouses. And nickel sulphate discounts will be around for a while as that market too becomes more oversupplied.
Table of contents
- Nickel sulphate prices
-
Nickel in stainless
- Asia
- China and Indonesia
- India
- Europe
- Appendix - Data Tables
Tables and charts
This report includes the following images and tables:
- Quarterly global nickel consumption in stainless steel (kt)
- Quarterly refined nickel consumption by first use (kt)
- 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)
- Indian imports of Class I nickel
- 3 more item(s)...
What's included
This report contains:
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