Raw nickel demand in the global market is underestimated

The industry has reached a consensus on the "shortage of supply of primary nickel" in the global market. The standpoint is that the demand for stainless steel and new energy in Indonesia is continuing and rapid, but the degree of supply shortage is different. Determining the degree of supply shortage is the basis for determining the trend of nickel price in the later period.

The industry has reached a consensus on the "shortage of supply of primary nickel" in the global market. The standpoint is that the demand for stainless steel and new energy in Indonesia is continuing and rapid, but the degree of supply shortage is different. Determining the degree of supply shortage is the basis for determining the trend of nickel price in the later period.

The shortage of raw nickel supply in the global market is a consensus

According to the 2017 raw nickel supply and demand data provided by mainstream global organizations, the vast majority of institutions have judged the nickel market as being in short supply. However, there is an objection to the size of the gap. According to the data from various agencies, the supply shortage is 40,000-80,000 tons overall. Assuming the above judgment is correct, then the global primary nickel stocks will drop by 40,000-80,000 tons. What is the truth?