"SMM Nickel Industry chain Weekly report", the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information published for your reference.
The following is an excerpt from the weekly report of the SMM nickel industry chain:
From the data of the balance sheet, the domestic primary nickel has always been in a state of excess supply in the past half a year. Due to the reduction of domestic nickel pig iron production, the surplus will decrease obviously, but because Indonesia's nickel pig iron import is not expected to decrease significantly at present, coupled with the abundance of other nickel raw materials, it can make up for the reduction, and the primary nickel is still in a state of surplus.
The improvement in fundamentals depends on the limited extent to which the supply side can pull, and needs the support of strong consumption. According to SMM estimates, domestic consumption fell by 10 per cent in the first quarter of 2020. this is still in China's relatively smooth progress in the fight against the epidemic, domestic demand has not yet fully recovered, the impact of the overseas epidemic has been coming one after another, and the relatively optimistic expectations for the second quarter have been difficult to maintain.
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Current issue of "SMM Nickel Industry chain Weekly report" catalogue
Main points of this issue of Weekly report
1 monthly balance of domestic native nickel: domestic consumption is 10% lower than in the same period of previous years
2 Overview of nickel and stainless steel export markets: overseas epidemic pressure export orders will aggravate stainless steel shipment pressure
3 Nickel pig iron: the price decline has been fully expected to be a short-term low stalemate, but steel mills can add other nickel raw materials
4 domestic demand for stainless steel recovers more slowly, export orders are insufficient and inventories are expected to pick up again in April
5 ferrochromium: the upward shift of ore cost affects the price of ferrochromium stainless steel plant and iron factory who will bear the loss remains to be played
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[high-end report of China Nickel Industry chain] the monthly report of China Nickel Industry chain includes macro interpretation, review of nickel price within month, interpretation of hot events such as nickel ore, electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, etc., and simultaneous release of monthly relevant enterprise operating rate and inventory research and other data, covering the entire nickel industry chain.
[routine report of China Nickel Industry chain] the Weekly report of China Nickel Industry chain includes macro interpretation, review of nickel prices during the week, market trends such as electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, weekly social inventory and future forecast, and a comprehensive interpretation of the nickel market during the week.
