Global nickel market surplus widens in July – INSG

  • Friday, September 22, 2023
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, ferronickel, refined nickel, steel
[Fellow]The global nickel market had a surplus of 28,600 metric tons in July, compared with a surplus of 15,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday.

[Ferro-Alloys.com] 

Global nickel market surplus widens in July – INSG

The global nickel market had a surplus of 28,600 metric tons in July, compared with a surplus of 15,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday.
 
That compares with a surplus of 25,400 metric tons in June 2023, Lisbon-based INSG added.
 
  July 2023 July 2022 June 2023 2022
Mine Production 335.7 288.0  320.4 3,203.5
Refined Production 293.0  257.1 284.5 3,058.6
Refined Usage 264.4 241.3 259.1 2,956.4
Balance 28.6 15.9 25.4 102.2
July 2023 July2022 June2023 2022
Mine production 335.7 288.0 320.4 3,203.5
Refined production 293.0 257.1 284.5 3,058.6
Refined Usage 264.4 241.3 259.1 2,956.4
Balance* 28.6 15.9 25.4 102.2

 

 

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