Global nickel short-term outlook September 2020 Report

Commodity Market Report 30 September 2020

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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

Nickel prices peaked in early September and then traded lower on greater downside economic risk and hints that Chinese stainless may stutter in Q4. The next rally may wait until after the Chinese New Year holiday in February 2021, with steady global economic recovery taking shape mid-year. But the prospect of continuing oversupply, from three-years of surging Indonesian NPI production will undermine prices from then on.

Asia
- China
- Japan
- South Korea
Europe
North America
- USA
Asia
- Indonesia
Latin America
- Colombia
Oceania
- New Caledonia
- Australia

Tables and charts

This report includes the following images and tables:

EU27 imports of stainless flat products highlighting rising share of China, Taiwan and Indonesia
New Chinese stainless melting capacity due by 2022 and beyond
South Korean trade chart or Indonesia to Korea trade