WBMS: Global Nickel Market Remains in Deficit in January-May 2017

Published: Jul 20, 2017 10:16

Save

Global nickel market was in a shortage of 54,300 tonnes during the first five months of 2017, according to the World Bureau of Metal Statistics (WBMS).

SHANGHAI, Jul. 20 (SMM) – Global nickel market was in a shortage of 54,300 tonnes during the first five months of 2017, according to the World Bureau of Metal Statistics (WBMS).

Nickel Comes Back! How High Will Price Reach? SMM Reports

The global nickel market was in a shortage of 62,000 tonnes in the whole year of 2016.

By the end of May 2017, reported inventories held in the LME were up by 12,900 tonnes from the level seen in late 2016.

The global refined nickel output was 673,200 tonnes from January to May 2017, and demand was 727,400 tonnes. Mine production during January to May was 715,000 tonnes, down 85,000 tonnes on a yearly basis.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

nickel output nickel price

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

17 hours ago

[SMM Analysis] Sulfur Market: Supply Contraction & New Energy Surge Keep 2026 Tight.

In 2025, the sulfur market experienced wild swings under the dual impact of multiple supply-side contractions and the rapid release of demand from the new energy sector, with prices rising by more than 200 over the year. Looking ahead to 2026, the tight supply-demand landscape is expected to persist.

17 hours ago

18 hours ago

[SMM Stainless Steel Flash] India’s Stainless Steel Industry Faces Supply Gap Amid Rising Domestic Demand

India’s stainless steel sector is grappling with a significant imbalance between domestic capacity and the surging demand for high-quality materials. Despite robust growth in infrastructure and construction, local production struggles to keep pace, while low-priced imports continue to hinder the full utilization of domestic facilities. To address these gaps, industry players are focusing on strengthening local scrap recycling systems and enhancing technical capabilities to meet international standards. Balancing domestic output with consumption remains a critical priority for the long-term stability of India's stainless steel value chain.

18 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

18 hours ago