[SMM data] Nickel Sulfate Import-Sub-Trade in June 2020

Total import volume of NPI in March 2021 was 334,000 mt. Imports from Indonesia stood at 278,000 mt, an increase of 18.38% month-on-month but a year-on-year decrease of 1.9%. NPI and stainless steel capacity in Indonesia has commissioned simultaneously, and the growth in exports of NPI to China should be limited in the short term;

Nickel prices received support as capital inflows surged on short supplies in the market as of Tuesday May 15 but SMM does not expect the uptick in prices to be sustained

SMM takes a bearish outlook on nickel prices in May and June as optimism from nickel sulphate for the battery industry weakened.

SMM takes a closer look at the impact of new nickel import tax adjustment.

In 2017 global nickel sulfate capacity is 570,000 tons. In 2018 the figure will reach 685,000 tons, rising 20.18% on yearly basis.

As per independent research data of SMM, the domestic nickel sulfate output is about 332,600 tonnes in 2017, rising 26.95% by 70,600 tonnes on yearly basis.

One nickel sulfate producer in Anhui reported full production schedule for August, Shanghai Metals Market learns. 

One nickel sulfate producer in Liaoning reduced production in July due to unit adjustment, Shanghai Metals Market learns. 

In 2015, nickel sulfate price succeeded to hold stable against the back drop of sharp decline in nickel market. What’s the outlook for nickel sulfate in 2016?

The new energy vehicle sector is booming in China, and with robust demand for batteries, especially high-performance ones.