Battery and stainless steel demand double weak nickel price under pressure

Battery and stainless steel demand double weak nickel price under pressure

Since the stainless steel battery demand, the double nickel price has undergone E.. At the beginning of November, the Indonesian government conducted a survey of nickel miners in violation of exports, and suspended the delivery of nickel ore, and 7 nickel mine exports were reviewed for alleged violations of the Energy and Mineral Resources Department No.

11/2019 Regulations.. The results show that Indonesia suspended the investigation of violations, allowing some nickel mine exporters to resume exports, which means that Indonesia can still exit normally below 1.

7% of the nickels (but 2020 nickel mine ban ” Take effect). Philippine Nickel Industry Association PNIA is expected to further increase nickel production next year to make up for the potential supply shortage due to the prohibition of exports from Indonesia..

The market is loosely expected to supply tight supply in the year, and the nickel price begins acceleration.. Stainless steel, November, 300 series stainless steel inventories is in history, although the recent Foshan stock continues to decline, especially cold rolling stocks have evident, but Wuxi inventory continues to climb, the hot rolling has increased, and it is important because steel mills.

. The stainless steel market may enter the state of the active deposit, and the price is further compressed, and since some steel mills are reduced, the demand for nickel is weakened, and the supply of nickel is insufficient..

High-ni-nickel iron prices continue to down steel mills, sufficient procurement frequency drop in November, Lunnin continues to fall, high-ni-nickel iron prices cut 130 yuan / nickel point, downstream stainless steel stocks continue to be high, demand downturn, steel mill high nickel iron raw materials Purchase is weak, and the mood of steel mills is strong, and the market has been cold.. Although the la carte is actively quoted, it is not optimistic because of the limited demand for steel mills.

. Near the end of the month, the price of high nickel iron market has fallen to 1050 yuan / nickel (to factory tax), partial deputy signing order, but due to limited market demand, the transaction situation is still not ideal. On November 21, Shandong a large high-nin-nickel iron plant began to repair.

Due to the large number of maintenance production lines, the maintenance cycle is longer, and the impact on the production of the month is limited. Important December – January 2020 Yield. In addition, Jiangsu stainless steel plant stainless steel and high nickel iron also started production, maintenance.

In terms of steel mills, due to the decrease in production of nickel iron, the pre-pre-deposit is sufficient, this month is less, this month is less, and a steel plant in North China has more reserves for nickel iron. Therefore, it is not bidding yet. purchase.

According to INSG data, the global nickel ore production is 242,100 tons of nickel metal (lower) in September 2019, up 7.6% from the same year, up 13.1% year-on-year.

. Among them, the African output is 9,100 tons, a decrease of 1.1% from the ring, a year-on-year increase of 31,400 tons, an increase of 1.

3% from the previous month, a year-on-year reduction of 143,400 tons, an increase of 13.4% from the previous month, a year-on-year increase of 32.2% According to the country, Indonesian production is 89,000 tons, up 23.

6% from the previous month, up to 58.9% year-on-year, the Yield of the Philippine is 42,000 tons, the same is flat, the year increases by 1.4%; European output is 241 million tons, the same is flat, the same is limited 0.

4%; Oceania production is 341 million tons, a decrease of 0.8% from the ring, a year-on-year reduction of 7.6%.

The global nickel production in June 2019 is 1861,600 tons, up 9.4% year-on-year..

In September 2019, the global nickel yield was 204,500 tons, up 1.8% from the previous month, up 13.6% year-on-year.

. Among them, the production of African region is 6,500 tons, the same is flat, which has risen by 14% year-on-year; the production of 200.22 million in the Americas is 0.

5%, which is 2.2% year-on-year; Asian output is 125,700 tons, which increased by 0.4% year-on-year.

European output is 349 million tons, a decrease of 0.6% from the ring, a year-on-year increase of 4.5%; Oceania output is 1.

63 million tons, a decrease of 10.4% from the ring, a year-on-year reduction of 7.9%.

From Jiu Yei, September 2019, the global nickel yield is 176.31 million tons, up 9.9% year-on-year.

. In September 2019, the global nickel consumption was 207,700 tons, up 0.6% from the previous month, up 7.

1% year-on-year.. Among them, the consumption of the African region is 1100 tons, which is reduced by 8.

3% from the year. It is reduced by 38.% in the year.

The consumption of consumption in the Americas is 1.39 million tons. The ring is reduced by 0.

7% year-on-year. The year-on-year reduction is 1.662 million tons, which decreases 0.

9% from the year. Rising 11.3%; European region consumption is 2.

62 million tons, up 11.5% from the previous month, 6.4% year-on-year; Oceania consumption is 300 tons, up 50% from the previous month, the same year.

From June 1 to September 2019, the global nickel consumption is 181.39 tons, up 5% year-on-year..

In September 2019, the global nickel-neutral production was 20.08 million tons of nickel metal (lower), which rose 0.9% from the previous month, up 2.

9% year-on-year.. Among them, the output of Cuba is 3,100 tons, the same is flat, up 3.

3% year-on-year; Finland production is 2,500 tons, the same is flat, up to 4.2% year-on-year; the Yield of Indonesia is 6,600 tons, the same year, the same year, the year-on-year increase of 600 tons, Australian output is 600 tons Topping, up 20% year-on-year; New Caledonian output is 1,000 tons, up 25% from the previous month, a year-on-year reduction of 9.1%; Papua new Guinea production is 3,000 tons, the same year is 3.

4% year-on-year; the Philippine output is 4,000 tons. The same is flat, the same increase of 8.1% year-on-year.

. From Jiu Yei, September 2019, the global nickel-e-product production is 181,400 tons, which is flat year..

Domestic market supply and demand investigation data. Among them, Jinchuan Group’s output is 12,000 tons, a decrease of 500 tons or 4% from the previous month, a year-on-year reduction of 300 tons or 2.4%; Xinxin mining production is 1010 tons, the same is flat, up 607 tons or 150.

6%; Tianjin Morlinkan production is 300 tons The ring is reduced by 40 tons or 11.7%, a year-on-year reduction of 150 tons or 33.3%; Yantai Thaimi production is 650 tons, up 50 tons or 8.

3% from the previous month.. In October, Ji Ni Nickel Industry has not been completed due to the production inspection and maintenance, the output is 0; Guangxi Yinyi Restaurant sulfate, it has not been planned to re-produce electrolytic nickel.

my country’s electrolyte nickel accumulated output in China from January to October was 131,600 tons, up 12.6% year-on-year..

. In October 2019, my country’s nickel-containing iron production was 51,300 tons (the amount of bidem metal), which was reduced by 4% from the previous month, up 19.5% year-on-year.

. According to the distribution of varieties, high-niquarr Iron is 4.4 million tons, which reduced by 4.

7% from the previous month, with a year-on-year increase of 19%, of which RKEF has an output of 426 million tons, accounting for 96.3% high nickel iron 0.71.

Tens of tons. According to the region, the production decline in Jiangsu region in October is obvious. It is important because there is a large steel mill mineral heat furnace maintenance, high nickel iron production; a high nickel iron plant in Yangzhou is still overhaul due to an old line, short time is difficult to replenishment; A 200 stainless steel mill blast furnace repair.

A blast furnace duct, a blast furnace in the previous maintenance, and has added a new output in Henan Province.. The output of other regions tends to be stable, and the change is not large.

. In late November, a large nickel-iron plant in Shandong conducts routine maintenance. Due to many maintenance production lines, it is expected to affect the production of 2000 metal tons ~ 3000 metal tons in November.

In November, China-containing nickel-containing iron production will continue to decline.. In January 2019, my country has a total of 507,000 tons, which rose by 29.

8% year-on-year. It is expected that my country’s nickel-iron iron production in China will reach 590,000 to 600,000 tons..

In October 2019, the crude steel production of my country’s important stainless steel mill was 2.63 million tons, up 10.3% year-on-year, the same year, the output of 300 series was 1.

7%, up 8.6% year-on-year, and rose by 1.7% in the previous quarter; 200 series production is 82 Ten thousand tons, up 15.

8% year-on-year, 9.1% from the ring, 400 series production of 490,000 tons, up 6.1% year-on-year, up 13.

9% from the ring. Although stainless steel production remains stable in October, there are some changes in the output of various steel mills, and even changes in the moon..

First, the output of Tai Steel October has recovered from 34,000 tons from 340,000 tons; Baosteel will be transferred from carbon steel to stainless steel, and the output is rising from 130,000 tons to nearly 180,000 tons.. Secondly, due to the light demand in 200 series, the output of 200 series stainless steel has a significant decline, and the Chinese music alloy has opened a nearly 50-day maintenance.

There is no production this month.. 400 series production due to the joining of Qingshan, this month is obvious.

It is expected that the stainless steel production will still maintain a considerable level, and there will be no major changes.. As of the end of November 2019, my country’s two most important stainless steel circulation markets Wuxi and Foshan’s stocks were 6.

53 million tons, up 283,100 tons year-on-year, reducing 7.37 tons..

Among them, 300 series is 3997 million tons, a decrease of 12,000 tons from the previous month, 400 series, a decrease of 0.2 million tons, 188,100 tons of 200, 0.29 million tons.

This inventory reduction is important in Foshan, Wuxi’s inventory changes. Foshan Taigang warehouse relocation, inventory is emptied, almost every warehouse has a certain reduction, all warehousing centers are in the same period, and the second half of the month is 304 cold and cold, and the touched part of the transaction, digestive partial stock. According to the China National Automobile Association, in October, the new energy vehicle production has risen slightly, and sales have declined; compared with the same period of last year, new energy automotive production is still faster.

. In October, the new energy car production and sales completed 95,000, 75,000, and the yield rose by 6.2%.

The sales decreased by 5.9%, down 35.4% and 45.

6% year-on-year.. In the important variety of new energy vehicles, the output of pure electric and plug-in hybrid vehicles has increased compared with last month, and sales have decreased varying degrees.

. In addition, the fuel power battery car production price is close to 40%, which is significantly higher than other new energy vehicle varieties..

From January to October, new energy automotive production is 983,000 and 9.47 million respectively, up 11.7% and 10.

2% year-on-year, and the growth rate will continue to fall than in June.. In the important variety of new energy vehicles, pure electric vehicles have maintained a year-on-year, and the growth rate is also fell than 1 to September.

In the important variety of new energy vehicles, pure electric and plug-in hybrids compared to last month. Car production is rising, sales decreased varying degrees. Since June 26th, new energy car subsidies will have a “four-dimensional drop” in the sales of new energy vehicles in 7 to October, which is 4.

7%, respectively.. In October, my country’s powered lithium battery production was 6.

7GWh, down 5.4% year-on-year, down 12.8% from the previous month.

. Among them, the three-yuan battery production is 4.0GWH, accounting for 59.

3% of total production, down 8.5% year-on-year, 16.3% from the ring, 2.

7GWH of lithium iron phosphate ion battery, accounting for 39.8% of total production, 0.2% year-on-year, 0.

4% year-on-year. From January to October, my country’s powered lithium battery production accumulated 70.1GWh, up 32.

2% over the same year.. Among them, the three-yuan battery production has accumulated 44.

9GWH, accounting for 64.1% of total production, a total increase of 53.9% year-on-year; 12.

9GWH of lithium iron phosphate ion battery, accounting for 32.6% of total production, a total of 0.8% year-on-year, and the decline continues to narrow.

The macro aspect of the market market, in the difficult to negotiations in China, November, due to the negative impact of China-US control trade disputes, still have to be careful and optimistic to see China-US trade negotiations. It is expected that in December, in the Sino-US trade situation, UK Deutsche, British Broken Breaking, Global Central Bank Currency Loose and Important Economic Body Fiscal Financial Policy, the global economy has two years of duration may be over and later after the end of 2019 Entering the upward period, the current Global manufacturing PMI of Jimorgan Tricong has laid up three months, and the global economy will help the consumption of basic metals..

Outlook market, domestic macro, November 2019, my country’s manufacturing procurement manager index (PMI) is 50.2%, up 0.9 percentage points from last month.

Non-manufacturing business activities index is 54.4%, rising from 1.6 percentage points from last month, indicating that non-manufacturing continues to maintain an upward situation, and speeding up speed.

Under the guidance of stable rise, the actual production environment of the manufacturing industry has improved significantly, and the company’s profitability and demand have improved signs, industrial products and stock markets will increase.. However, in China and US trade negotiations have not yet ended, the economy has not explicitly stabilized, and the domestic commodity and stock markets have a trend of trend.

. In terms of supply, Indonesia will be prohibited from banning the nickel mine in January 2020, and the Philippine nickel mine owner has entered the rainy season, and the year ago, the quantity of the nickel mine will be greatly reduced..

According to the current port nickel ore inventory, as of Npril, the domestic port nickel ore inventory is 1353 tons, which fell by 22.6% compared with the same period last year. Among them, high-quality nickel ore stocks were 353 tons, low-grade nickel Mine stores for 10 million tons.

It is expected that the domestic port nickel mine in the year will continue to be in the low level.. At the end of November, the EU restricted Nickel and other raw material exports in Indonesia on Friday, Indonesia’s purpose was to leave these raw materials to domestic smelting and stainless steel industries.

. European Trade Commissioner Serasilia Malmstrom said that the measures taken by Indonesia endanger further work in the EU steel industry. It is reported that the complaints of the WTO started with 60 days, and the two sides conduct consultations to resolve disputes.

. The complainant can request a three-person group for ruling. This ruling is usually at least one year.

. Although the EU does not directly import nickel ore or NPI from Indonesia, Indonesian ban causes the global nickel price to fluctuate, which is not conducive to the European Union and other countries in stainless steel production cost disadvantages..

In November, the price of domestic nickel iron iron continued to fall. Most high-nickel iron companies have been in a loss. Some companies have declined near the profit and loss and will lead to some companies to add stop-oriented and maintenance plans.

It is expected that domestic Nickel iron production will have a significant decline, and the price of nickel iron continues to decrease or will be limited.. The recent nickel price has no sign, it is expected that when nickel-electric-electric nickel has premium, stainless steel has added a new turning point for pure nickel demand.

. At present, although the stainless steel production is difficult to significantly decrease, the low-season stainless steel demand is weak, and the stainless steel is insufficient to support the nickel price, and the nickel price continues to decline, but will continue to fall back or will usher in rebound. It is estimated that the important operation of the December is $ 12,800 ~ 14,500 US dollars / ton, the important operation of the main contract of Shanghai and nickel is 98,000 yuan ~ 120,000 yuan / ton.

Leave a Comment

Your email address will not be published.

Scroll to Top