Cover Image


Global Nickel Metals Report Q4 2017

出版商 BMI Research 商品編碼 354631
出版日期 內容資訊 英文 86 Pages
商品交期: 最快1-2個工作天內
Back to Top
鎳金屬的全球市場分析 Global Nickel Metals Report Q4 2017
出版日期: 2017年10月11日 內容資訊: 英文 86 Pages




  • 供需的緊迫化伴隨的交易價格的反轉預測


  • 大半的企業持續虧損基調


  • 產業趨勢分析



  • BHP Billiton
    • 最新的財務實際成果
  • Norilsk Nickel
    • 企業概要
    • 企業策略
  • Vale
    • 企業概要
    • 企業策略
    • 最新趨勢
    • 企業的詳細資訊
  • Glencore
  • Eramet


  • 附錄
  • 鎳:生產平衡
  • 生產量的預測
  • 消費量的預測


Product Code: 2397-5113

BMI View: We have kept our nickel price forecast at USD10,250/tonne for 2017 as the global refined nickel market deficit narrows due to increasing production from Indonesia and a decline in global demand. Following a mid-year rally that has taken nickel beyond USD11,600/tonne mark, we expect prices to unwind in the last quarter of 2017 as strong year-to-date Chinese demand wanes.

Latest Developments And Structural Trends

Price Forecast:

  • Refined nickel prices will unwind from current levels in the coming months. The current rally has seen a 30.0% rise in prices since February, driven by improved Chinese stainless steel demand. However we believe that Chinese nickel demand will wane towards the end of 2017 as the Chinese government shifts policy away from heavy industry following the 19th National Communist Party Congress. Furthermore, fundamentals indicate that the nickel market deficit is rapidly narrowing in 2017 which will weigh on prices in the coming months. This transition will be supported by a rise in Indonesian ore exports flowing into the market for refinement following the end of the country's export ban in January 2017. According to Bloomberg high frequency data, Indonesian nickel ore production growth averaged 44.0% y-o-y in H117. Furthermore, we are more optimistic on nickel production in the Philippines in the coming months, following the removal of anti-mining advocate Regina Lopez as head of Department for Environment and Natural Resources (DENR). Finally, stocks at LME warehouses have reached their highest levels so far this year at 387kt, while LME 3-month Nickel futures remain firmly in contango, indicating ample nearterm supply.

Table of Contents

BMI Industry View

BMI View

  • Table: Global Nickel Forecasts

Price Forecast

  • Global - Nickel: Price Rally To Unwind
    • Table: BMI Nickel Price Forecast
    • Table: Nickel Forecasts

Global Trends In Supply, Demand & Trade

  • Global - Nickel: Low Demand To Shift Market Into Surplus
    • Table: Global Nickel Forecasts
    • Table: Nickel Production Forecasts
    • Table: Nickel Consumption Forecasts

Mine Supply: Nickel Ore

  • Global - Nickel: Indonesia And Australia To Sustain Production Growth
    • Table: Selected New Global Nickel Mines
    • Table: Global - Nickel Production Forecasts For Top 10 Producers

Competitive Landscape

  • Table: Global - Top 10 Nickel Producers By 2016 Output
  • Table: Select Nickel Companies By Market Capitalisation

Company Profile

  • Eramet - Q3 2017
    • Table: Eramet - Key Financial Data
  • Norilsk Nickel
    • Table: Select Commodities - Price Forecasts
    • Table: Norilsk Nickel - Key Projects
    • Table: Norilsk Nickel - Key Financial Data
  • Global Company Strategy - BHP Billiton
    • Table: Select Commodities - Price Forecasts
  • Latest Results
    • Table: BHP Billiton - Key Financial Data
  • Global Company Strategy - Glencore
    • Table: Selected Commodities - Price Forecasts

Company Analysis

  • Table: Glencore - Key Projects
  • Table: Glencore - Key Financial Data

Global Company Strategy - Vale

  • Company Overview
  • Company Strategy
    • Table: Selected Iron Ore Producers - Key Financial Data
    • Table: Vale - Key Financial Data


  • Nickel: Production Balance
    • Table: Global Nickel Forecasts
  • Production Forecast
    • Table: Nickel Production Forecasts
  • Consumption Forecast
    • Table: Nickel Consumption Forecasts


Cross Checks

Back to Top