[Minings Australia Review] Currently, nickel mines across Australia are closely monitoring the global nickel supply situation. As soon as the timing is right, we’ll see Australian nickel mines gradually resuming operations.
2016 Year 9 The monthly index of business sentiment for the nonferrous metals industry, as compiled by the China National Institute for Economic and Social Research, is: 26.1, Up from the previous month 2.3 Point, rebounding to “ Slightly cold ” Regional leading edge; the preliminary index for the non-ferrous metals industry in the central region is 81.2 , up from the previous month 2.3 Point; consistency index is 74.4 slightly rebounded from the previous month. 2.1 A single point. Preliminary assessment indicates that the prosperity index for the non-ferrous metals industry is at... “ Slightly cold ” The sector continues to show sustained recovery, but the pressure on enterprises to further improve their economic performance remains significant.
When compared with the constituent indicators of the nonferrous metals industry prosperity index, it can be seen that... 2016 In the third quarter of the year, nickel prices were mostly at... 7.3 Ten thousand yuan ~8.2 Ten thousand yuan / Fluctuating between tons, prices in the third quarter were higher than those in the second quarter, and with... LMEX The indices showed consistent performance. Nickel prices continued to rise steadily in the third quarter, with a cumulative increase for the quarter. 10% The above was mainly influenced by news of the Philippines’ mining environmental review. The Philippines’ new president and the new Minister of Environment and Natural Resources have... 6 Starting at the end of the month, we will begin rectifying mining operations at domestic mines that fail to meet standards. 7 News of mine closures continues to emerge month after month, fueling growing market expectations of a tightening supply of nickel ore and keeping nickel prices on a strong upward trajectory.
[China's Nickel Industry Operating Status] 2016 Third quarter of the year LME Average price of nickel for the period 10310 U.S. dollar / Ton, down year-on-year 3% , up month-on-month 16%。9 LME nickel inventory at month-end 36.2 10,000 tons, a decrease of nearly [amount] from the end of the previous quarter. 1.7 10,000 tons. Average price of the main Shanghai nickel contract in the third quarter. 80752 Yuan / Ton, down year-on-year 5% , up month-on-month 15% In the third quarter, spot prices also saw a significant increase, following the rise in futures prices.
[Nickel and Cobalt Mining, Beneficiation, and Smelting Investment Declines Year-on-Year] 2016 Year 1~8 In the month, there were construction projects in China's nickel and cobalt mining and beneficiation industry. 10 One, the investment amount is 10.2 100 million yuan, an increase year-on-year. 125.26% ; Nickel-cobalt smelting construction projects include: 44 One, the investment amount is 53.1 100 million yuan, down year-on-year 24.84% 。
China's primary nickel production declined year-on-year. 2.5% 】 2016 In the third quarter of the year, China's production of primary nickel (including the nickel content in pig iron, the same applies hereinafter) was estimated to be: 15.3 10,000 tons, a year-on-year decrease. 2.5% , remaining essentially flat month-on-month. Among them, electrolytic nickel production was 4.5 Ten thousand tons, general nickel production is 0.8 Ten thousand tons, nickel salt production is 0.7 10,000 tons, with a pig iron production containing nickel of 9.3 10,000 tons. In the first three quarters, China’s total output of primary nickel was 43.6 10,000 tons, a year-on-year decrease. 8.2% The estimated annual production of primary nickel in China is... 58 Ten thousand tons.
[Supply Reduction and Rising Consumption: Nickel Market Fundamentals Improving] 2016 Year 1~7 Month, global nickel ore production 117.43 10,000 tons, a year-on-year decrease. 6.5% Nickel ore production across the world’s five continents all showed a year-on-year decline, with supply shrinking across the board. Nickel ore production in the Asian region... 39.14 10,000 tons, a year-on-year decrease. 11.3% , except for Indonesia, whose output increased year-on-year. 30.2% In addition, production generally declined in other Asian countries, and the Philippines, a major nickel ore exporter, saw its output decrease year-on-year. 24.4% To 21.59 Ten thousand tons. The declines in production in Europe, Africa, the Americas, and Oceania were as follows: 8.2% 、 6.9% 、 2.2% And 1.9% Supply has been comprehensively reduced.
2016 Year 1~7 Monthly global primary nickel production 112.9 10,000 tons, a year-on-year decrease. 2.6% Among them, only the output in the Americas increased year-on-year. 1.6% In addition, production declined in Africa, Asia, Europe, and Oceania, with declines of: 8.5% 、 1.6% 、7% and 0.7% 。2016 Year 1~7 Monthly global nickel consumption 117.15 Ten thousand tons, up year-on-year 6% By region, with the exception of Australia, all other consumer regions showed year-on-year growth in consumption. The Asia region, which has the largest consumption volume, is the focus here. 1~7 Monthly Consumption 83.44 Ten thousand tons, up year-on-year 6.4% Among them, China ranks first in both the absolute volume and the growth rate of consumption. 1~7 Monthly nickel consumption in China 61.74 Ten thousand tons, up year-on-year 8.1% 。
