Nickel market in 108,200 T surplus in Jan-Aug '13- INSG

Industry News 10:55:54AM Oct 17, 2013 Source:SMM

Wed, 16 Oct 16:26:00 GMT

LONDON, Oct 16 (Reuters) - The global nickel market was in surplus by 108,200 tonnes in the first eight months of the year, a monthly bulletin from the Lisbon-based International Nickel Study Group (INSG) showed on Wednesday.

It showed world primary nickel consumption totalled 1.164 million tonnes in January to August, while primary nickel output was 1.272 million tonnes for the period. Nickel mine production in January to August totalled 1.434 million tonnes.

Latest figures showed nickel stocks held by producers were at 89,800 tonnes in July versus 91,700 tonnes in June.


(Reporting by Maytaal Angel, editing by William Hardy)

((maytaal.angel@thomsonreuters.com)(00442075429105))

Key Words:  INSG 

Nickel market in 108,200 T surplus in Jan-Aug '13- INSG

Industry News 10:55:54AM Oct 17, 2013 Source:SMM

Wed, 16 Oct 16:26:00 GMT

LONDON, Oct 16 (Reuters) - The global nickel market was in surplus by 108,200 tonnes in the first eight months of the year, a monthly bulletin from the Lisbon-based International Nickel Study Group (INSG) showed on Wednesday.

It showed world primary nickel consumption totalled 1.164 million tonnes in January to August, while primary nickel output was 1.272 million tonnes for the period. Nickel mine production in January to August totalled 1.434 million tonnes.

Latest figures showed nickel stocks held by producers were at 89,800 tonnes in July versus 91,700 tonnes in June.


(Reporting by Maytaal Angel, editing by William Hardy)

((maytaal.angel@thomsonreuters.com)(00442075429105))

Key Words:  INSG