INSG: Global Nickel Market Deficit Expands in July-Shanghai Metals Market

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INSG: Global Nickel Market Deficit Expands in July

Industry News 11:12:25AM Sep 20, 2017 Source:SMM

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.

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 implied. 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.

INSG: Global Nickel Market Deficit Expands in July

Industry News 11:12:25AM Sep 20, 2017 Source:SMM

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.

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 implied. 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.