News: ZMI Global nickel market sees 23,900 metric ton surplus in September -INSG

LONDON, Nov 22 (Reuters) - The global nickel market had a surplus of 23,900 metric tons in September, up from a surplus of 14,200 tons in the same month of last year, data from the International Nickel Study Group (INSG) showed on Wednesday.

That compares with a surplus of 15,300 metric tons in August 2023.

During the first nine months of 2023, there was a surplus of 155,000 tons versus a surplus of 60,500 tons in the same period of last year, the data showed.

Data below in thousands of metric tons:

			 Sept.	Sept.	 August	  YTD 2023  YTD 2022 
			 2023	 2022	  2023				   
 Mine		337.6	298.5	 337.6	   2,732.8   2,368.1 
 production											

 Refined	 290.9	266.3	 289.8	   2,457.1   2,234.2 
 production											

 Refined	 267.0	252.1	 274.5	   2,302.1   2,173.7 
 usage												 

 Balance	 23.9	 14.2	  15.3		155.0	 60.5