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The agency previously estimated that nickel supply was over 4,900 tons in May this year. In June last year, the global nickel market had a surplus of 5,200 tons. In the first half of this year, the nickel market had a surplus of 31,500 tons, a decrease of 4.5% from the same period of the previous year. Global primary nickel production increased slightly by 0.4% to 983,100 tons in the first half of this year, while consumption increased by 0.6% to 951,600 tons.
Global nickel's supply surplus in June has shrunk to 8,800 tons
Abstract On August 20th, the International Nickel Research Organization (INSG) monthly report showed that the global nickel market's supply surplus in June was reduced to 8,800 tons, but the excess is still more than the same period last year; in May it was revised to a surplus of 9,500 tons. Global primary nickel production decreased by 3 in June...
On August 20th, the International Nickel Research Organization (INSG) monthly report showed that the global nickel market's oversupply scale was reduced to 8,800 tons in June, but the excess was still over the same period last year; in May it was revised to a surplus of 9,500 tons. Global primary nickel production fell by 3.3% to 168,000 tons in June and 173,500 tons in May. This is still higher than the global consumption of 159,200 tons in June.