Commodity Market Report

Global nickel short-term outlook September 2019

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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

    • Indonesia
    • South Korea
    • Taiwan
    • China
  • Europe
  • Latin America
  • North America
  • Nickel in non-stainless

Tables and charts

This report includes 12 images and tables including:

  • 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)
  • 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)
  • Indonesian exports of stainless to India step up in July
  • Taiwanese stainless imports from China
  • Chinese stainless exports to the world

What's included

This report contains:

  • Document


    PDF 2.18 MB