Commodity market report
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26 Pages

Global nickel short-term outlook November 2014


Global nickel short-term outlook November 2014

Report summary

After their October decline, nickel prices recovered in November, assisted by short covering in the fund community and a market that is looking ahead to the first quarter of 2015, when seasonal restocking through the stainless steel supply chain often takes place. Realisation that the monsoon season is likely to reduce nickel ore shipments from the Philippines to Chinese NPI producers may have added further support. 

What's included?

This report includes 2 file(s)

  • Global nickel short-term outlook November 2014 PDF - 481.01 KB 26 Pages, 13 Tables, 7 Figures
  • Data Tables Ni STO.xls XLS - 428.00 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Nickel Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Global nickel quarterly supply-demand balance
  • Demand
    • Asia
    • China
    • Europe
    • Latin America
    • North America
    • Nickel in non-stainless
  • Supply

In this report there are 20 tables or charts, including:

  • Executive summary
    • Key forecasts
  • Supply-demand balances
    • Nickel price and open interest
    • LME nickel stocks and nickel prices
    • Supply-demand balances: Table 1
    • LME cash and 3-month spread
  • Demand
    • Quarterly global nickel consumption in stainless steel (kt)
    • Demand: Table 2
    • Stainless steel scrap (all forms) inventory building in South Korea
    • Jindal Stainless sales and production since January 2013
    • China's main stainless steel producers
    • Stainless melting capacity utilisation at the major stainless mills
    • 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)
  • Supply
    • Global nickel mine production/capability (kt)
    • Global nickel smelter production/capability (kt)
    • Global nickel metal production/capability (kt)
    • Nickel stocks and premiums
    • Global refined nickel supply-demand balance (kt)
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