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Chinese Nickel Production in December Dips 10% YoY

Metal News - Published on Fri, 10 Jan 2020

Image Source: Nickel China
China’s production of refined nickel continued to rise by 13.52% on the month to 16,000 tonnes in December, driven by year-end accelerated production at a smelter in Gansu. On a year-on-year basis, the domestic output was 10.42% lower. Maintenance at a smelter in Jilin continued in December, and the production may resume partly in January. It remains to be determined when the ongoing overhaul at a smelter in Guangxi will conclude. Other nickel smelters cut production slightly and there was limited impact on overall output.

Output of NPI in China slipped 10.36% month on month but climbed 14.91% year on year to 47,600 tonnes in Ni content in December. High-grade NPI accounted for 39,900 tonnes in Ni content last month, down 11.9% from November, while production of low-grade material fell 1.38% to 7,600 tonnes in Ni content. Some large-scale NPI producers slashed production in December, and are expected to maintain current output in January. Scheduled NPI production was affected as there was no new supply of feedstock nickel ore in the Chinese market a month before the Indonesia ore export ban taking effect on January 1. Greater production cut of stainless steel amid falling demand also slowed the destocking at NPI sellers.

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Posted By : Arun Huidrom on Fri, 10 Jan 2020
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