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Nickel Pig Iron Production in Indonesia to Surge in 2020-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
1/3/2020 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Indonesia is likely to overtake China to become the world’s largest producer of nickel pig iron, a major feedstock for producing stainless steel in 2020. Rachel Liu, senior nickel analyst SMM, said "The ban on nickel ore exports by the world’s top nickel ore producer in Southeast Asia, effective from January 2020, looks set to send Chinese NPI producers in raw material shortages next year. China’s NPI production will decline 13% to 510,000 tonnes in Ni content in 2020, after an increase of 28% this year amid high profits, eased environmental restrictions and new capacity. Chinese NPI producers are likely to see their production costs exceed CNY 1,300 per tonne next year, as prices of nickel ore rise.”
Liu said “Output from Indonesia is expected to soar 51% to 530,000 tonnes in Ni content, as China’s Tsingshan and Delong will sharply expand their capacity in the Southeast Asian country and as high nickel prices may spur the resumption of closed blast furnaces.”
With overall NPI production growth slowing to 10%, global production of primary nickel is estimated to grow 5% to 2.62 million tonnes in Ni content in 2020, and output from China and Indonesia will account for 50%.
緊固件展-2020第二十一屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 21st China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2020 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2020 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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