Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

March 2019 | Stainless Steels


Prices stabilize but set to remain on uptrend: Nickel Highlights


Visible stock flows give us a sense of the underlying market balance during months for which we do not yet have INSG supply-demand estimates, and for February and March-to-date LME, SHFE and Shanghai bonded warehouse stocks fell by a net ~14,500 tonnes.

As the LME nickel price slipped below $13,000 per tonne last week in line with the risk-off sentiment that returned to the complex, this market is finding support from its own fundamentals in the form of still-falling stocks and fresh supply disruptions.

On the latter point, we heard of a further 9% downward revision to Ambatovy’s annual production guidance last week, to 38,000-40,000 tonnes. This follows fresh problems at the company, this time a fire at its hydrogen plant fire. Capacity is officially 60,000 tpy, but it has never managed to hit this operating rate since start-up...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?