Commodity Market Report
Global nickel short-term outlook November 2018
Report summary
The results of our latest Chinese stainless steel survey warranted an increase to our nickel demand forecasts for 2018-2020. Despite that, negative sentiment founded on uncertainty continued to drive nickel prices lower in November. The main source of the gloom seems to be more large HPAL project announcements following in the wake of Tsingshan's publicised plans in October.
Table of contents
- Executive summary
-
Supply-demand balances
- LME and SHFE nickel stocks, and nickel prices
- Global nickel quarterly supply-demand balance
-
Demand
- Quarterly global nickel consumption in stainless steel (kt)
- Global refined nickel consumption (kt)
- Supply
Tables and charts
This report includes 18 images and tables including:
- Key forecasts
- 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)
- Supply-demand balances: Image 1
- Supply-demand balances: Table 1
- Demand: Table 1
- Quarterly refined nickel consumption by first use (kt)
- Evolution of China's stainless steel product mix - ferritics rising
- China's top 10 stainless steel producers, ranked on 2018
- Demand: Image 3
- Japan's stainless product shipments - exports falling in Q4
- Global quarterly refined consumption (kt)
- Quarterly global stainless steel production (kt raw steel basis)
- Demand: Table 5
- Global stainless steel production (kt raw steel basis)
What's included
This report contains:
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