Monthly Nickel Market Report Mar 2024

Content

1. Market Highlights 4
2. Economy and Policy 4
2.1 Indonesia aims to finish mining output quotas approval by end-March 4
2.2 Indonesia issues nickel production quotas for 152.62mt 4
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.Asian Metal Copyright3%min CIF China 15 8.Asian Metal Copyright1 Chinese nickel cathode 99.96%min EXW China 4
3.1.Asian Metal Copyright9 Changsheng Ni Cr Material resumes ferronickel production 7 5.Asian Metal Copyright2 Norilsk nickel cathode 99.96%min in port China 4
3.1.Asian Metal Copyright1.Asian Metal Copyright3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.Asian Metal Copyright005% export volume fell 60.Asian Metal Copyright4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 5
3.1.5 Ferronickel 10%min EXW China 5
3.1.Asian Metal Copyright95% MOM in Mar 7 5.Asian Metal Copyright6 Ferronickel 1.5%min EXW China 5
3.2 International Market Movements 5
3.2.Asian Metal Copyright1 Shengyun Industrial Development halts ferronickel production 6 4.Asian Metal Copyright1 Philippine lateritic nickel ore 1.3%min CIF China 5
3.2.Asian Metal Copyright2 Philippine lateritic nickel ore 1.Asian Metal Copyright2 Philippine lateritic nickel ore 1.8%min CIF China 6
4. Company News 6
4.1 Shengyun Industrial Development halts ferronickel production 6
4.2 Fujian Liande carries out maintenance on ferronickel production equipment 6
4.3 Grand Green to increase nickel sulfate production 6
4.4 Jutai New Material in full production of battery grade nickel sulfate 6
4.5 Risbor New Energy resumes nickel sulfate production 6
4.6 Zhangjiagang United Copper maintains crude nickel sulfate production equipment 6
4.7 Guanghua Technology increases nickel sulfate production 7
4.8 Xingnie New Materials increases nickel sulfate production 7
4.9 Changsheng Ni Cr Material resumes ferronickel production 7
5. Producers Statistics 7
5.1 Chinese refined nickel producers' operating rate records 79.14% in Mar 7
5.2 Chinese refined nickel producers' production up by 12.95% MOM in Mar 7
5.3 Chinese refined nickel producers' stocks down by 11.03% MOM in Mar 7
5.4 Chinese nickel sulfate producers' operation rate posts 51.12% in Mar 7
5.5 Chinese nickel sulfate producers' output up by 27.40% MOM in Mar 8
5.6 Chinese nickel sulfate producers' inventory up by 11.01% MOM in Mar 8
5.7 Chinese ferronickel producers' operating rate reports 39.33% in Mar 9
5.8 Chinese ferronickel producers' output up by 1.05% MOM in Mar 9
5.9 Chinese ferronickel producers' stocks up by 4.62% MOM in Mar 10
6. Import and Export Statistics 10
6.1 China's ferro-nickel import volume rose 32.14% YoY in Feb 2024 10
6.2 China's refined nickel (Co＞0.Asian Metal Copyright005% export volume fell 60.Asian Metal Copyright005%) import volume declined 21.62% MoM in Feb 2024 11
6.3 China's nickel sulphate import volume grew 75.35% YoY in Feb 2024 12
6.4 China's refined nickel (Co＞0.Asian Metal Copyright5%min EXW China 15 8.Asian Metal Copyright005%) export volume fell 60.23% YoY in Feb 2024 13
6.5 China's nickel concentrate import volume grew 19.24% MoM in Feb 2024 14
7. Relevant Industry Movements 14
7.1 NCM and power battery market 14
7.2 Stainless steel market 15
8. Market Outlook for Next Month 15
8.1 Nickel cathode 99.96%min EXW China 15
8.2 Norilsk nickel cathode 99.96%min in port China 15
8.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 15
8.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 15
8.5 Ferronickel 10%min EXW China 15
8.6 Ferronickel 1.5%min EXW China 15
8.7 Philippine lateritic nickel ore 1.3%min CIF China 15
8.8 Philippine lateritic nickel ore 1.8%min CIF China 15


.Asian Metal Copyright14% YoY in Feb 2024 10 6Asian Metal Copyright