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Kipper01

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14/06/16

13:52

Post #: 18027430
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Originally posted by Tunedups ↑

Here you go Kip;

SMM site: June 13 2016 4:49 PM
LONDON (Scrap Register): A global refined nickel market deficit widened to 10,100 tonnes in April from a month earlier, the International Nickel Study Group (INSG).

Global primary nickel production of 164,300 tons in April fell short of consumption of 174,400 tons. INSG said in its latest monthly report, as it revised down its deficit for March to 7,600 tons from 8,200 tons.

For the first four months of the year, the nickel market moved to a deficit of 7,100 tons from a surplus of 19,900 tons in the same period last year.

Demand rose by 3.4 percent and output fell by 0.9 percent, the INSG said.
Global producers' stocks of nickel fell to 85,600 tons in February from 88,300 tons in January, the group said.

INSG said in April that it expected global nickel demand to slightly outpace supply this year, ending four years of surplus. Output of nickel will drop to 1.913 million tons in 2016 from 1.983 million last year, it said.

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Fantastic ... Thanks TU ... Kip

Zee vorm iz turningk!!

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