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Global Nickel Market Turns to Surplus in April 2024

Jun 25, 2024

 

Global Nickel Market Turns to Surplus in April 2024

The International Nickel Study Group (INSG) reported on Friday that the global nickel market saw a surplus of 1,000 tons in April this year, contrasting with a shortage of 1,300 tons in March.

Compared to the same period last year, which had a surplus of 5,900 tons, the first four months of this year have seen an excess of 22,600 tons, down from 35,000 tons in the same period last year.

Month/Year April 2024 April 2023 March 2024 Jan-Apr 2024 Jan-Apr 2023
Nickel Mine Production 295.5 295.1 286.3 11458 1105.8

The China Metal Material Circulation Association Stainless Steel Supply Chain Branch, a non-profit social organization, was established with the approval of the China Metal Material Circulation Association. It consists of various stakeholders in the stainless steel industry, including raw material suppliers, manufacturers, processors, traders, logistics providers, and more.

Their mission includes building communication platforms, exploring development ideas, leading technological progress, establishing standard systems, optimizing product structures, and providing opportunities for cooperation to drive the industry's innovation and transformation.

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:
- Website: www.metal-ae.com
- Email: ae@americenergy.com
- Phone: 13521210668
- whatsapp: 13521210668
- Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

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