Will Production Increase at China NPI Producers Grow Demand for Philippine Ores? SMM Reports

Published: Aug 10, 2017 11:19

Save

The Philippines is expected to export approximately 4.65 million wet tonnes in July, and Ni content in ore exports is estimated at 39,300 tonnes in July.

SHANGHAI, Aug. 10 (SMM) - The Philippines is expected to export approximately 4.65 million wet tonnes in July, and Ni content in ore exports is estimated at 39,300 tonnes in July.

By grade, the Philippines exported 15 ships of high-grade ore, 63 ships of medium-grade ore, and 15 ships of low-grade ore in July.

The exports, though down slightly from June’s, remain high thanks to following factors.

New Mine in Philippine to Add Ore Supply Expectations

First, it is now a peak ore shipment period in Surigao.

Second, high-grade NPI price in China’s domestic market kept rising after a recovery from late June, and utilization rates at domestic RKEF NPI producers rose to 73 per cent in July, growing buying demand for ore. The rate at domestic low-grade NPI producers also grew in July, up to 53 per cent, thanks to higher margins.

Third, profits at mines also improved with rising ore price.

Those factors will also support ore shipments from the Philippines in August.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel prices nickel ore prices china nickel ore inventories

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 for 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

11 hours ago

Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months

[Yunnan Energy Investment: Company Plans to Invest in the Mugua Ping Wind Farm Project] Yunnan Energy Investment announced that its controlling shareholder, Yunnan Energy Group, was the bid winner for the Fuyuan County Mugua Ping Wind Farm Project under Yunnan Province's third batch of new energy projects in 2025. In accordance with Yunnan Energy Group's overall strategy and the relevant requirements for the development and construction of Yunnan Province's third batch of new energy projects in 2025, the company will actively proceed with the construction of the Fuyuan County Mugua Ping Wind Farm Project. The project is expected to have a total installed capacity of 25 MW and a total construction period of 10 months.

11 hours ago

12 hours ago

Indonesia MHP Nickel and Cobalt FOB Prices See Mixed Movements on June 16

According to SMM data, on June 16, the FOB price of Indonesia MHP nickel fell by $98/mt Ni from yesterday, and the FOB price of Indonesia MHP cobalt rose by $10/mt Co. The FOB price of Indonesia high-grade nickel matte fell by $99/mt Ni.

12 hours ago

[SMM Analysis] June Nickel Sulphate Market Analysis: Price Under Pressure from Rising Costs and Supply-Demand Mismatch

While upstream MHP payables stayed high, auxiliary material prices such as sulphur and sulphuric acid continued to climb, and downstream ternary production schedules remained at high levels, the performance of battery-grade nickel sulphate prices was not optimistic. SMM believes this was driven by multiple factors, including weakening cost support, front-loaded downstream stockpiling, increased import supplementation, and higher volumes of nickel sulphate converted from refined nickel.

12 hours ago