WBMS Report: Global Refined Nickel Market Ends June 2024 with 15,000-Ton Surplus

Published: Aug 22, 2024 11:35
WBMS: Global Refined Nickel Supply Surplus of 15,000 Tons in June 2024" The latest report released by the World Bureau of Metal Statistics (WBMS) indicates that in June 2024, global refined nickel production reached 281,800 tons, with consumption at 280,300 tons, resulting in a surplus of 15,000 tons. (Wenhua Finance)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Data: SHFE, DCE market movement (May 21)
6 hours ago
Data: SHFE, DCE market movement (May 21)
Read More
Data: SHFE, DCE market movement (May 21)
Data: SHFE, DCE market movement (May 21)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 May , 2026
6 hours ago
[NPI Daily Review] Rising Expectations of Tighter Future Supply, Steel Scrap Price Cuts Constrain NPI Price Gains
7 hours ago
[NPI Daily Review] Rising Expectations of Tighter Future Supply, Steel Scrap Price Cuts Constrain NPI Price Gains
Read More
[NPI Daily Review] Rising Expectations of Tighter Future Supply, Steel Scrap Price Cuts Constrain NPI Price Gains
[NPI Daily Review] Rising Expectations of Tighter Future Supply, Steel Scrap Price Cuts Constrain NPI Price Gains
[SMM Daily Comment: Tightening Supply Expectations Heated Up, Steel Scrap Price Decline Restrained NPI Price Gains] May 21 — The SMM high-grade NPI upstream sentiment factor was 3.12, up 0.02 MoM, and the high-grade NPI downstream sentiment factor was 2.08, down 0.04 MoM.
7 hours ago
[SMM Nickel Flash] Indonesia May Include Nickel Pig Iron in SOE Export Mechanism
8 hours ago
[SMM Nickel Flash] Indonesia May Include Nickel Pig Iron in SOE Export Mechanism
Read More
[SMM Nickel Flash] Indonesia May Include Nickel Pig Iron in SOE Export Mechanism
[SMM Nickel Flash] Indonesia May Include Nickel Pig Iron in SOE Export Mechanism
May 21 — According to Indonesian Ministry of Trade meeting materials, Indonesia plans to bring ferroalloy exports under its strategic natural resources export framework. Ferroalloy exports are expected to enter a transition period from June 1 to August 31, 2026, before being handled by a designated state-owned enterprise from September 1. Ferronickel/NPI, under HS code 7202.60.00, is listed within the ferroalloy scope. SMM believes the policy, if implemented, may disrupt Indonesian NPI customs clearance, shipment schedules and trade procedures in the short term. However, the document does not directly indicate an export ban or unified pricing mechanism.
8 hours ago