Commodity market report
| |
23 Pages

Global nickel short-term outlook May 2016


Global nickel short-term outlook May 2016

Report summary

Our view of the nickel market through to 2018 remains one of supply tightening, cumulative annual deficits and price improvements constrained by high inventory levels. Although we have removed the negative supply adjustment of 65kt introduced at the start of 2016, projected deficits are greater than in prior reports because of the boost in nickel demand from stainless steel ramp ups in China. However the latest indicators suggest that the perceived strengthening of China is perhaps not all it appeared to be and hence nickel prices fell back during this month, from a peak of US$9,552/t (US$4.33/lb, cash) on the 3 May, to a month low of US$8,307/t (US$3.77/lb) on 23 May.

What's included?

This report includes 2 file(s)

  • Global nickel short-term outlook May 2016 PDF - 505.73 KB 23 Pages, 13 Tables, 8 Figures
  • Data Tables Ni STO.xls XLS - 427.00 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Nickel Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Nickel prices and open interest since 1 March 2016
  • Demand
    • Quarterly global nickel consumption in stainless steel (kt)
  • Supply

In this report there are 21 tables or charts, including:

  • Executive summary
    • Key forecasts
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • LME nickel stocks and nickel prices
    • Global nickel quarterly supply-demand balance
    • LME cash and 3-month spread
  • Demand
    • Demand: Table 1
    • Quarterly refined nickel consumption by first use (kt)
    • Japan special steel product shipments
    • Top 10 Chinese stainless steel melt producers ranked on 2016
    • China's stainless steel production by company share
    • Baosteel stainless product output by plant
    • Baosteel stainless product mix
    • 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)
  • Supply
    • Global nickel mine production/capability (kt)
    • Global nickel smelter production/capability (kt)
    • Global nickel metal production/capability (kt)
    • Nickel stocks and premiums
    • Global refined nickel supply-demand balance (kt)
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.