News: ZMI Nickel market surplus narrows to 9,200 tonnes in November, INSG says

LONDON, Jan 19 (Reuters) - The global nickel market was oversupplied by 9,200 tonnes in November after a 15,000-tonne surplus in October, data from Lisbon-based International Nickel Study Group (INSG) showed on Thursday.

During the first 11 months of the year, the global market was oversupplied by 90,700 tonnes compared with a deficit of 168,400 tonnes in the same period of 2021, according to INSG data.

Data below in thousands of tonnes.

						Nov-22	Oct-22  Jan-Nov   Jan-Nov 
										  2022	  2021 
 Mine production		 275.6	 279.8	2896.4	2471.4 
 Refined production	  270.8	 279.6	2748.2	  2369 
 Refined usage		   261.6	 264.6	2657.5	2537.4 
 Balance				   9.2		15	  90.7	-168.4