China Refined Nickel Output Falls 11.5% MoM in September

Published: Oct 9, 2017 16:51
Refined nickel output at domestic nickel smelters in SMM survey sample was 11,900 tonnes, down 1,540 tonnes or 11.5 per cent on a monthly basis, according to SMM data.

SHANGHAI, Oct. 9 (SMM) – Refined nickel output at domestic nickel smelters in SMM survey sample was 11,900 tonnes, down 1,540 tonnes or 11.5 per cent on a monthly basis, according to SMM data.

Philippine Nickel Ore Exports Hold Flat MoM in September

China’s total refined nickel output is estimated at 12,474 tonnes in September based on survey results of producers in SMM survey sample, with monthly capacity of 21,134 tonnes, accounting for 95.4 per cent of China’s total.

Morgan Stanley Sees Nickel Price Higher on Supply Shortages

The national output from January to October was 116,000 tonnes, down 12.9 per cent on a yearly basis.

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

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 for 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
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
3 hours ago
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
Read More
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Sees Intensified Long-Short Tug-of-War
[SMM Nickel Flash] On September 18, the average price of SMM 10-12% high-grade NPI fell by 33.1 yuan/nickel unit WoW to 1,062.4 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $4.06/nickel unit WoW to $137.08/nickel unit. This week, the high-grade NPI market continued to drift lower overall, with the tug-of-war between longs and shorts intensifying.
3 hours ago
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
3 hours ago
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
Read More
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
SMM High-Grade NPI Sentiment Index Rises Slightly, Market Shows Clear Divergence
[SMM Nickel Flash] On September 18, SMM's high-grade NPI market sentiment index stood at 1.79, up 0.02 MoM. The upstream sentiment index for high-grade NPI was 1.86, flat MoM, while the downstream sentiment index for high-grade NPI was 1.72, up 0.03 MoM. The NPI market is currently marked by clear divergence, with a persistent tug-of-war between longs and shorts.
3 hours ago
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
3 hours ago
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
Read More
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
[SMM Analysis] Inventory Accumulation and Weak Demand Push High-Grade NPI Lower in Search of a Bottom
The average price of SMM 10-12% high-grade NPI fell WoW by 33.1 yuan/nickel unit to 1,062.4 yuan/nickel unit (ex-factory, tax included), and the average Indonesia NPI FOB index price fell WoW by $4.06/nickel unit to $137.08/nickel unit. This week, the high-grade NPI market continued to drift lower overall, with the tug-of-war between longs and shorts intensifying.
3 hours ago