Thursday 18 April 2013

World Nickel Markets In 6000 Tonnes Surplus During February 2013- WBMS

Nickel......

World Bureau of Metals Statistics (WBMS) has come up with its numbers for major metals. The agency has said that World nickel markets were in surplus of 6000 tonnes in the month of February 2013, as compared to a surplus of deficit of 3100 tonnes in January 2013.
Nickel was in surplus of 130400 tonnes in whole of 2012. On a cumulative basis, nickel markets recorded a surplus of 2800 tonnes in January-February 2013 compared to a surplus of 11800 tonnes in the corresponding period last year. The closing stocks of Nickel at the end of February were 159600 tonnes, up 12 percent from the year ending 2012 when stocks were 141700 tonnes.
World mined nickel production in February 2013 was 176200 tonnes, up 0.2 percent from 175900 tonnes in January 2013. In Jan-Feb 2013, World mined nickel production was 352100 tonnes, up 27 percent compared to 278100 tonnes in Jan-Feb 2012.
Refined nickel production of Nickel was 148400 tonnes in February 2013, down 5.5 percent compared to 157100 tonnes in January 2013. Production of refined nickel in Jan-Feb 2013 was 305500 tonnes, compared to 285500 tonnes in Jan-Feb 2012.
China refined nickel production in Jan-Feb 2013 was 99200 tonnes, up 50 percent from 66000 tonnes in Jan-Feb 2012. China produced 32 percent of total nickel produced in the world. China production of refined nickel in February was 46300 tonnes, down 12 percent from 52900 tonnes in January 2013.
Refined production of nickel in Japan was 31100 tonnes in Jan-Feb 2013, up 10 percent from similar period last year. Production in February was static at 15400 tonnes compared to 15800 tonnes in January 2013.
Refined production of nickel in EU27 was 20600 tonnes in first two months of the year, slightly lower than 20900 tonnes in first two months of January-February 2012.
Meanwhile, World refined nickel consumption was 302700 tonnes in first two months of the year, up 10.5 percent from 285500 tonnes in Jan-Feb 2012. Chinese refined nickel consumption was 143500 tonnes in Jan-Feb 2013, up 40 percent from 102700 tonnes in Jan-Feb 2012. China consumed 47 percent of total nickel consumed in the world.
Refined consumption in US declined by 15.6 percent to 20500 tonnes in Jan-Feb 2013 compared to 24300 tonnes in similar period last year. Consumption of EU 27 was 49400 tonnes in Jan-Feb 2013, down 17 percent from 59600 tonnes in Jan-Feb 2012.
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