INSG: Global Nickel Market Deficit Expands in July

Published: Sep 20, 2017 11:12 (GMT+8)

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Supply deficit in global nickel market widened in July, according to the International Nickel Study Group (INSG).

SHANGHAI, Sept. 21 (SMM) – Supply deficit in global nickel market widened in July, according to the International Nickel Study Group (INSG).

China NPI Producers Hold Back Sales on Difficulties in Sourcing Supplementary Materials

The deficit came in at 4,700 tonnes in July, higher than 400 tonnes of shortfalls in June. Global demand for refined nickel was 182,500 tonnes in July, exceeding production of 177,800 tonnes. Higher demand was due mainly to output increases at stainless steel mills in China.

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