Higher demand, weaker supply restored global deficit in September There has been plenty of fresh fundamental nickel data published in the past week, including the INSG’s latest monthly bulletin on Thursday. After reporting last month a mere 100-tonne global supply deficit in August, almost bringing to an end the run of 26 consecutive monthly deficits, the INSG reported a more meaningful 3,200-tonne supply shortfall in September. This was the result of global demand rebounding month-on-month and production retreating. What is more, August’s deficit was revised slightly higher, as was the cumulative year-to-August deficit, which went from 44,700 tonnes to 47,600 tonnes. Adding the September deficit, the cumulative global supply shortfall for the first three quarters...
Receive a free sample of market analysis and price forecasts.
Free SampleReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.
Subscribe