2 the national production of nickel pig iron decreased by 4.46% to 40200 nickel tons, down 12.25% from the same period last year, and the output decreased month by month since November 19 (53100 nickel tons). In terms of grade, the output of high nickel and iron in March was 33800 nickel tons, which was 5.47% lower than that of the previous month, while that of low nickel iron in March was 6400 nickel tons, an increase of 1.3% over the previous month. In March, the output of nickel pig iron continued to decline, and the reduction was in the part of high nickel pig iron. The main reasons are as follows: 1. The market price of high nickel pig iron has basically fallen below the cost line of all domestic iron plants, the production pressure is high, and some iron plants have chosen to reduce the output. 2. Affected by the epidemic situation, many mining areas in the Philippines have been blocked, and the shipment of nickel mines in April is more pessimistic. The stock of nickel mines in most domestic manufacturers has been reduced to 1-2 months, and the stock of raw materials is tight. At present, some manufacturers have stopped production because of nickel ore depletion. Some manufacturers have also chosen the current low price of nickel iron to overhaul or reduce production to cope with the impact of nickel mine shortage; 3. The proportion of nickel raw materials in stainless steel plant is due to the continuous decline in the price of pure nickel and stainless steel, the price of waste stainless steel has been partially adjusted, and the demand for high nickel pig iron has been reduced. In March, the production of 200 series stainless steel resumed, and the output of low nickel and iron in the integrated steel plant increased, which was basically the same as that in February. The dynamic balance of increase and decrease in the part of low nickel pig iron was suspended in March due to the depletion of nickel mine, but the production of 200 series stainless steel resumed.
In April, national nickel pig iron production is expected to continue to decline month-on-month, by 5.11% to 38200 nickel tons. Among them, the output of high nickel pig iron decreased by 6.91% to 31500 nickel tons. The ring ratio of low nickel pig iron increased by 4.39% to 6700 nickel tons. With the further consumption of nickel mine inventory in April, the market is still pessimistic about the price expectation of high nickel pig iron in April, and the willingness to reduce production is further strengthened. the increase in low nickel pig iron production is mainly due to the resumption of production in large 200 series integrated stainless steel plants.
SMM "2019-2022 China Nickel Industry chain report" released, more detailed data and analysis of the nickel industry, welcome to contact the SMM Nickel Research Group for consultation and subscription.
Contact: Liu Yuqiao 021-51666804, QQ 2881050930
Wu Tingting 13795448891
Catalogue of China Nickel Industry chain report 2019-2022
Annual report Summary: global balance of Nickel supply and demand, 2011-2022
1. Aspects of Nickel consumption
1.1 Analysis of stainless Steel Industry in China and India
1.1.1 Chinese Market Analysis of stainless Steel
1.2.2 Indonesian Market Analysis of stainless Steel
1.2 Battery Industry
1.2.1 New Energy Battery Industry
1.2.2 Analysis of Nickel consumption of traditional E Battery from 2014 to 2022
2. Overview of nickel supply
2.1 Market Analysis of Primary Nickel
2.1.1 balance sheet and Price Forecast of Global first-level Nickel supply and demand for 2011-2022
2.1.2 Analysis of Global first Class Nickel production from 2011 to 2022
2.1.3 Analysis of first Class Nickel production in China from 2013 to 2022
2.1.4 quantitative Analysis of China's Import of Primary Nickel from 2009 to 2019
2.1.5 Analysis of global first-level nickel stocks from 2014 to 2019
2.2 Analysis of Secondary Nickel Market
2.2.1 balance between supply and demand and Price Forecast of E Nickel Pig Iron from 2012 to 2022
2.2.2 Global Nickel Iron production capacity 2011-2022
2.2.3 Global profit Analysis of Nickel Pig Iron from 2016 to 2019
2.2.4 Analysis of Global Nickel Pig Iron stocks from 2014 to 2019
2.2.5 Analysis of production capacity of E Global Water extraction Nickel (feni) from 2011 to 2022
2.3 Nickel Sulfate
2.3.1 Analysis of Nickel Sulfate Industry in China and the World
2.3.2 Global Nickel Sulfate production from 2016 to 2022
2.3.3 balance Table and Price Forecast of Nickel Sulfate supply and demand in China from 2014 to 2022
2.3.4 comparison of production cost of Nickel Sulfate with different mainstream Raw Materials
2.3.5 Global Nickel Intermediate production capacity 2017-2022
2.3.6 comparison of Global Intermediate Investment costs
2.4 Nickel ore
2.4.1 supply and demand balance and Price Forecast of Chinese laterite Nickel Mine from 2013 to 2021
2.4.2 quantitative analysis of nickel laterite imported from China from 2013 to 2021
2.4.3 inventory Analysis of laterite Nickel Mine in Chinese Port from 2014 to 2019
3. Appendix
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