Lower Stainless Steel Output May Weaken Ferronickel Demand (Feb 15th-Feb 19th)
This week, ferronickel price held at steady. Low-grade ferronickel 1.6-2.0 was quoted at 1650-1670. Middle-grade ferronickel 4-6 was quoted at 710-720. Middle-grade ferronickel 6-8 was quoted at 710-720. High-grade ferronickel was quoted at 700-710. |
Low Nickel Prices Forecasted in 2016 (Feb 15th-Feb 19th)
This week, nickel price rebounded a little which mostly digested the downturns in Chinese New Year. And nickel stock in LME has also shed several thousand tons. |
INSG:Global Nickel Oversupply Continues for Four Years
International Nickel Study Group’s published data on Thursday shows that global nickel supply in 2015 surpassed the market demand by 80700t while it was 117600t in last year. 2015 all-year nickel output was 1970000t with a decrease of 0.80 percent, which is t... |
Bloomberg: Predict Nickel Price at $8857/t in Q1 2016
Up to February 15, Bloomberg survey shows that analyst forecast nickel price at $8857/t. Fifty percent of analysts predict nickel price between $8500-9000/t; 18.75 percent of analysts forecast nickel price between $9000-9500/t; 6.25 percent predict nickel pric... |
WBMS: 2015 Global Market Need More Nickel Supply
Nickel ore output in 2015 was about 1772900t, 130000t less than 2014. Since Indonesia carried out its ore ban, the nation’s nickel ore output slip. In December 2015, global refined nickel output was about 163300t and refined nickel consumption was about 16730... |
World Bank Lowers 2016 Outlook on 37 of the 46 Commodities It Tracks
The World Bank has lowered its 2016 price forecast for 37 of the 46 commodities it monitors and has warned that low prices for oil and other commodities are “likely to be with us for some time”. |
INFOGRAPHIC: The Periodic Table of Commodity Returns
At the beginning of each year, U.S. Global Investors puts out a fantastic visualization called the Periodic Table of Commodity Returns. This year’s version has an interactive design that allows users to sort returns by various categories including returns, vo... |
One More Reason You Don't Want to Mine Nickel
Nickel was the worst performer in a pretty sorry commodities field in 2015. The steelmaking ingredient lost just shy of 42% of its value last year. |



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