China Refined Nickel Output In September And Forecast For October

SHANGHAI, Oct 9 (SMM) –

Chinese refined nickel output totalled 22,100 mt in September, up 1.4% MoM and 43.18% YoY, hang onto August’ increase, in line with expectations. The gain in output was largely pinned on a continuous rise in newly added electrowinning nickel capacity, a north-west China-based smelter’s production ramp-up and demand recovery.

October will witness an estimated refined nickel output of 22,800 mt, up 2.94% MoM and 48.05% YoY, driven by a north-west China-based smelter running at full capacity and production ramp-up of a south China-based smelter. Electrowinning nickel output will probably be in an upward spiral in the second half of 2023.