Commodity Market Report
Global nickel short-term outlook September 2021
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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
After reaching a peak for the year in early September, nickel prices went into retreat as power restrictions forced China’s stainless mills and NPI smelters to cut production. As the net loss in nickel demand outweighs the drop in smelter output, China's currently tight nickel market should ease. Power curbs will extend into Q4 so nickel prices may drift lower over the rest of the year. But they will bounce back in 2022.
Table of contents
-
Nickel in stainless
- Asia
- China
- Japan
- Taiwan
- Europe
-
Nickel in batteries
- Precursor chemicals (PCAMs) and cathode active materials (CAMs)
- Battery recycling
Tables and charts
This report includes the following images and tables:
- Stainless imports from Indonesia rising
- Taiwan's output of austenitic stainless is falling
- 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)
- 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)
What's included
This report contains:
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