Philippine Nickel Ore Exports Stay High in August -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Rare earth
  • Copper scrap
  • Copper
  • Evening comments
  • Market commentary
  • SMM
  • Morning comments
  • MMi Iron Ore Port Index
  • Aluminium
  • Futures movement
  • Cobalt
  • price forecast
  • Environmental protection drive

Philippine Nickel Ore Exports Stay High in August 

SMM Insight 04:23:28PM Sep 06, 2017 Source:SMM

SHANGHAI, Sept. 6 (SMM) – Nickel ore exports from the Philippines are estimated at 4.77 million wet tonnes in August, largely flat at July’s level, Shanghai Metals Market survey finds. 

In August, Philippine nickel ore exports in Ni content are estimated at 39,800 tonnes, up 1.2 per cent on a monthly basis. The Philippines exported 10 ships of high-grade ore, 65 ones of medium-grade ore, and 15 ones of low-grade ore in August. 

China Refined Nickel Output Grows 2.2 Per cent MoM in August

Exports of high-grade nickel ore are below estimation due to poor weather, and may be delayed to September.  

The following factors explain high exports in August. First, August was still a peak ore shipment period in Surigao, the Philippines. Second, utilization rates at domestic RKEF NPI producers grew to 77.6% in July as NPI price kept rising, so purchasing demand for ore remained high. The rate at domestic low-grade NPI plants rose to 55.2% in August due to moderate profits. Third, higher ore price also helped improve profits at mining firms. 

Indonesia to Add New Companies on Nickel Ore Export List Soon

SMM expects nickel ore shipments from the Philippines to stay at highs in August and September. 

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

Price

more
SMM #1 Nickel
Jun.20
100050.0
-250.0
(-0.25%)
#1 JinChuan Nickel
Jun.20
100350.0
-275.0
(-0.27%)
#1 Import Nickel
Jun.20
99700.0
-225.0
(-0.23%)
JinChuan B&C
Jun.20
700.0
-200.0
(-22.22%)
Russian nickel premium
Jun.20
25.0
-175.0
(-87.50%)

Philippine Nickel Ore Exports Stay High in August 

SMM Insight 04:23:28PM Sep 06, 2017 Source:SMM

SHANGHAI, Sept. 6 (SMM) – Nickel ore exports from the Philippines are estimated at 4.77 million wet tonnes in August, largely flat at July’s level, Shanghai Metals Market survey finds. 

In August, Philippine nickel ore exports in Ni content are estimated at 39,800 tonnes, up 1.2 per cent on a monthly basis. The Philippines exported 10 ships of high-grade ore, 65 ones of medium-grade ore, and 15 ones of low-grade ore in August. 

China Refined Nickel Output Grows 2.2 Per cent MoM in August

Exports of high-grade nickel ore are below estimation due to poor weather, and may be delayed to September.  

The following factors explain high exports in August. First, August was still a peak ore shipment period in Surigao, the Philippines. Second, utilization rates at domestic RKEF NPI producers grew to 77.6% in July as NPI price kept rising, so purchasing demand for ore remained high. The rate at domestic low-grade NPI plants rose to 55.2% in August due to moderate profits. Third, higher ore price also helped improve profits at mining firms. 

Indonesia to Add New Companies on Nickel Ore Export List Soon

SMM expects nickel ore shipments from the Philippines to stay at highs in August and September. 

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