SHFE Nickel to Move Lower

2017-02-10

SMM surveys major producers in China’s base metal market every month to get first-hand production data, and the following table shows latest output data for January 2017.


Jan.

YoY

Dec.

Feb. (E)

Copper cathode

631

4.3%

674

627

Alumina

5584

21.7%

5471

5180

Aluminum

3038

22.0%

2950

2759

Primary Lead

249

-7.42%

255

252

Refined Zinc

435

1.2%

465

442

Nickel cathode

12.1

1%

14.3

11.6

NPI

34.3

24.7%

36.4

33.8

Refined Tin

15.1

17.9%

15.6

15

Source: SMM

Unit: 1,000 tonne


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