Fubao News
China’s August electrolytic nickel output reached 12.67 kt, up 0.56% on-month and up 11.36% on-year. China’s NPI output climbed by 4.82% on-month and 38.22% on-year to 53.2 kt (in Ni metal).
Looking forward to Q4 2019, a large amount of NPI capacity is expected to come online, subsequently driving up overall output. However, Indonesia’s ban on nickel laterite exports is expected to rein in raw material supply and curb NPI supply in the long-term. Domestic NPI prices are expected to hold firm during Q4 2019.
