Commodity Market Report
Global nickel short-term outlook September 2022
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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 in September were volatile as the bulls were spurred by a better Chinese stainless market before the bears returned with a stronger dollar. There are few positives for stainless elsewhere. Talk of China restricting stainless exports in 2023 adds to uncertainty, potentially weakening demand, which could then delay new capacity. And with so much MHP and matte now coming in Indonesia, next year's tightening nickel market could easily flip the other way.
Table of contents
-
Nickel in stainless
- Asia
- China
- South Korea
- Europe
- North America
-
Nickel in non-stainless
- Battery raw materials
- Appendix - Data Tables
Tables and charts
This report includes the following images and tables:
- 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)
- Exports of stainless steel flat products: China increasing to estimated 3.8 Mt* in 2022
- European change in quarterly stainless production, by country
What's included
This report contains:
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