Weekly Major News on China’s Nickel Industry (Mar.22-26)-Shanghai Metals Market

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Weekly Major News on China’s Nickel Industry (Mar.22-26)

Industry News 08:33:18PM Apr 02, 2013 Source:SMM

Jinchuan Group Cuts Ex-works Nickel Prices to RMB 118000/mt Mar. 27

Jinchuan Group cut ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt March 27th.  
 
Indonesia Lowered March Nickel Ore Export Benchmark Prices

According to SMM sources, Indonesian nickel ore export benchmark price for March was down from a month earlier. 
 
Cuba to Producer over 60,000 Mt of Nickel in 2013

According to sources from Havana, Cuba plans to produce around 62,000 mt of crude nickel and cobalt in 2013, and the country closed one of its three plants in 2012.
According to report from Radio Angulo of Eastern Holguin, MOA-based Ernesto Che Guevara nickel plant which is under Cubaniquel is speeding up production after encountering production problems during the past few years.  
 
Nickel Asia to Increase Nickel Ore Output in 2013

According to report from Business World of the Philippines, nickel ore output of Nickel Asia may exceed 12 million wmt in 2013, slightly higher compared to 11.7 million wmt in 2012. It was reported that nickel ore output in 2012 increased by 12.5% YoY. Nickel Aisa has four nickel ore areas in the Philippines, which are located in Palawan, Surigao, Hinatuan island and Dinagat islands.
 

Price

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#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
#1 Lead
Oct.18
17025.0
25.0
(0.15%)
0# Zinc
Oct.21
19040.0
160.0
(0.85%)
#1 Tin Ingot
Oct.18
139500.0
500.0
(0.36%)

Weekly Major News on China’s Nickel Industry (Mar.22-26)

Industry News 08:33:18PM Apr 02, 2013 Source:SMM

Jinchuan Group Cuts Ex-works Nickel Prices to RMB 118000/mt Mar. 27

Jinchuan Group cut ex-works nickel prices by RMB 1,000/mt, to RMB 118,000/mt March 27th.  
 
Indonesia Lowered March Nickel Ore Export Benchmark Prices

According to SMM sources, Indonesian nickel ore export benchmark price for March was down from a month earlier. 
 
Cuba to Producer over 60,000 Mt of Nickel in 2013

According to sources from Havana, Cuba plans to produce around 62,000 mt of crude nickel and cobalt in 2013, and the country closed one of its three plants in 2012.
According to report from Radio Angulo of Eastern Holguin, MOA-based Ernesto Che Guevara nickel plant which is under Cubaniquel is speeding up production after encountering production problems during the past few years.  
 
Nickel Asia to Increase Nickel Ore Output in 2013

According to report from Business World of the Philippines, nickel ore output of Nickel Asia may exceed 12 million wmt in 2013, slightly higher compared to 11.7 million wmt in 2012. It was reported that nickel ore output in 2012 increased by 12.5% YoY. Nickel Aisa has four nickel ore areas in the Philippines, which are located in Palawan, Surigao, Hinatuan island and Dinagat islands.