Home / Metal News / FENI Supply will be Affected because of Ukrainian-Russian Conflict

FENI Supply will be Affected because of Ukrainian-Russian Conflict

iconFeb 25, 2022 10:30
Source:SMM
Recently, the conflict between Russia and Ukraine has caused many worries in the financial market. With the further aggravation of the situation, both domestic and foreign nickel prices have risen sharply, among which SHFE nickel prices have once again been set a record high.

SHANGHAI, Feb 25 (SMM) - Recently, the conflict between Russia and Ukraine has caused many worries in the financial market. With the further aggravation of the situation, both domestic and foreign nickel prices have risen sharply, among which SHFE nickel prices have once again been set at a record high. Therefore, the supply of nickel-related raw materials has attracted market attention. According to SMM research, the Pobuzkhe project of Rezino Company in Ukraine has a relatively stable FENI output of about 15,000-16,000 mt in metal content from 2017 to 2020, accounting for about 3%-5% of the global ferronickel output. According to the further statistical analysis of SMM, the total amount of ferronickel imported from Ukraine to China in 2021 is about 18,000 mt in metal content, accounting for about 0.3% of China's total ferronickel imports (including NPI imports) in 2021 and about 10% of China's total FENI imports in 2021. Therefore, due to the tense Ukrainian-Russian conflict, the export of ferronickel in Ukraine may be affected to some extent in the short term, and the balance of supply and demand in the global and Chinese ferronickel markets will be struck. It is expected that the supply of FENI will be tighter in the short term.

nickel
NPI
ferronickel

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news