News: ZMI Global nickel market in 6,600 tonne surplus in March -INSG

LONDON, May 18 (Reuters) - The global nickel market had a surplus of 6,600 tonnes in March compared with a deficit of 8,900 tonnes in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday.

That compares with a surplus of 20,400 tonnes in February 2023, Lisbon-based INSG added.

Data below in thousands of tonnes:

					   March   March	 Feb	2022** 
						2023	2022	2023   
 Mine production	   280.1   238.8   277.3   3,211.4 

Refined production 254.6 238.5 260.9 3,059.4 Refined Usage 248.0 247.3 240.5 2,956.4

 Balance*				6.6	-8.9	20.4	 103.0 
 * Balance between refined production and usage 

• Revised data