Commodity Market Report
Global nickel short-term outlook September 2019
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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
Since jumping by 16% late in August, nickel prices moderated slightly in September as the market took stock of Indonesia's announcement to bring the ore export ban forwards by two years. The early ban will severely limit nickel feed supply to Chinese NPI smelters, potentially forcing them to cut production substantially. The lost nickel supply will leave the global market with a substantial deficit in 2021.
Table of contents
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Asia
- Indonesia
- South Korea
- Taiwan
- China
- Europe
- Latin America
- North America
- Nickel in non-stainless
Tables and charts
This report includes the following images and tables:
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Global quarterly refined consumption (kt)Quarterly global stainless steel production (kt raw steel basis)Global refined nickel consumption (kt)
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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 premiumsGlobal refined nickel supply-demand balance (kt)Indonesian exports of stainless to India step up in JulyTaiwanese stainless imports from ChinaChinese stainless exports to the world
What's included
This report contains:
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