Commodity Market Report
Global nickel short-term outlook November 2020
Report summary
Nickel prices remain at their recent highs helped by news that covid-vaccines are near at hand. However, lower stainless prices in China are undermining nickel demand there and, as mill margins are squeezed, so the likelihood of cuts is increasing. This could moderate nickel prices over the next couple of months. But with ore feed supply declining, Chinese NPI production rates will fall next year, and this will support a price rally from March-April. Initial inoculations and the start of economic recovery should then aid that rally further.
Table of contents
-
Asia
- China
- India
- Japan
- Europe
-
North America
- USA
-
Nickel in non-stainless
- Nickel alloys
- Batteries
- Africa
- Asia
- Australia
- Latin America
Tables and charts
This report includes 12 images and tables including:
- Year-on-year growth in European quarterly stainless melt production
- 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)
- Rising Indonesian exports of stainless billet and cold rolled Imports of cold rolled to China
- Aircraft deliveries
- 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)
What's included
This report contains:
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