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(under review) [selected by SMM Weekly] domestic pure nickel production increased by 22 per cent in March compared with the same period last year as imports decreased and the share of domestic brands was higher than in previous years.
Apr 11,2020 23:41CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

"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 previous years, domestic and import accounted for about 40-50% of the domestic pure nickel supply. Due to the relatively large import loss last year, more enterprises reduced their import orders this year and imported flexibly according to the demand situation. Therefore, in the latest domestic pure nickel supply, the degree of import dependence has dropped to about 30%.

In March 2020, the national output of electrolytic nickel was 15600 tons, an increase of 16.03% over the previous month and 21.59% over the same period last year. According to a preliminary survey conducted by the SMM, production rose in March, on the one hand, because the natural days of the month were longer than in February, and on the other hand, the domestic return to work environment was also more stable and orderly than last month, and most of the smelters currently in production were producing more than last month.

In April, domestic electrolytic nickel production is expected to be 15500 tons, down 0.96 percent from the previous month. The number of natural days in April decreased, and the discharge output of each smelter decreased to a certain extent. However, if nickel prices continue to decline and the foreign epidemic continues to worsen, or increase cost pressure on manufacturers using overseas ores and intermediates as raw materials.

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Current issue of "SMM Nickel Industry chain Weekly report" catalogue

Main points of this issue of Weekly report

Nickel mine: the outbreak has disrupted the supply of nickel mines in the Philippines or affected 70. 80 per cent of imports in April

Nickel pig iron: increased willingness to reduce production in domestic high nickel pig iron plants seriously affected by supply shortage and profit upside down

Stainless steel: domestic production of 300 series stainless steel in March is down 18% from last year. It is expected that there will be a significant recovery in April.

Pure nickel: domestic pure nickel production rebounded 22% year-on-year due to reduced imports and higher share of domestic brands than in previous years

High carbon ferrochromium: March production increased 19.3% compared with the same period last year, 20.3% year-on-year, South Africa blockade extended for two weeks

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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.

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