Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Weekly News in Nickel Market

Weekly News in Nickel Market

Jan 11, 2013 19:36

Source:SMM

weekly new in nickel market,

SHANGHAI, Jan. 11 (SMM) –

Lianyungang to Add 100,000 Mt/yr NPI Project

A large company in Jiangsu province will construct 100,000 mt of NPI project and 5,000 mt of refined nickel project at Lianyungang.
It was reported that total investments were around RMB 1.2 billion on two sets of 33000KVA RKEF and 5,000 mt of nickel projects, auxiliary equipments and dock.

Overcapacity to Weigh on Nickel Prices in 2013

LME nickel prices staged most sluggish performance compared with other base metal in 2012 due to global oversupply, consumers’ preference for NPI as an alternative and soft downstream demand. In 2013, with expanding NPI capacity, global nickel will continue be in supply surplus, which will continue to weigh on LME nickel prices.

Sluggish Stainless Steel Market Drives NPI Prices down in 2012

NPI prices failed to rebound at the end of 2012, even though LME nickel prices advanced. SMM believes that the sluggish demand amid bearish performance of stainless steel market is the major reason behind weak NPI prices.

Boosted by implementation of QE3 in the US, LME nickel prices and stainless steel both advanced slightly in August. During November, Greece successfully received bailout fund and China and the US both reported upbeat economic data, which boosted long momentum and sent LME nickel prices higher.

nickel market

nickel price

NPI price

stainless steel

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

At present, there are 24 iron and steel joint enterprises in Shanxi, China. In 2021, the pig iron output was 59.884 million mt, a year-on-year decrease of 1.6%; Crude steel output was 67.407 million mt, up 1.6% year-on-year; The output of steel products was 61.739 million mt, which was basically the same as that of the previous year.

Mar 25, 2022 17:09

Industry

Shanxi Iron and Steel Enterprise Transformation and Upgrading Plan in 2022

SMM Focus: Analysis of the Production Dynamics of a Steel Mill in East China Affected by the Pandemic

Under the influence of the increasingly severe pandemic, the epidemic prevention policy in domestic ports was strict, while the unloading capacity of terminals was restricted and the efficiency of cargo handling was reduced.

Mar 17, 2022 16:30

SMM Insight

SMM Focus: Analysis of the Production Dynamics of a Steel Mill in East China Affected by the Pandemic

Stainless Steel Spot Prices Dipped amid Mixed Production Expansion and Cuts

Today, the spot prices of all series of stainless steel products in Foshan stood flat today. The average price of the 300 series product was around 18,000 yuan/mt. The market received a large number of goods last week, while the demand failed to keep up. The downstream users continued to purchase on rigid demand after the prices rebounded slightly yesterday.

Mar 2, 2022 15:29

Mar 1, 2022 06:40

Feb 28, 2022 19:56

Feb 28, 2022 19:00

Feb 28, 2022 18:15

Feb 28, 2022 16:51

Mar 3, 2022 16:16

Feb 28, 2022 13:42

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

Weekly News in Nickel Market

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025