MCX NICKEL DEMAND NEWS 19 APR 2012
DATE: 19/04/2012
Nickel production exceeded demand by 8700 tons according to the latest estimate by World Bureau of Metal Statistics (WBMS). The report showed that the Nickel markets were in surplus of 7900 tons in 2011 as well.
Refined production of Nickel in Jan-Feb 2012 totaled 287700 tons. Mine production during the period was 335400 tons, which was 85500 above the January to February 2011 period. Japanese refinery output declined by 900 tons compared with 2011. The apparent demand was higher than in 2011.
Refined consumption of Nickel stood at 279000 tons in Jan-Feb 2012, up 44200 tons than previous year. In February, Nickel smelter production was 143700 tons while consumption stands at 140400 tons.
POWERED BY: COMMODITY INSIGHTS
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