February 6, 2020 / 7:34 AM / in 15 days

China Jan nickel output falls by third from previous month - research house Antaike

BEIJING, Feb 6 (Reuters) -

* China's refined nickel production in January fell by 33.4% from the previous month to 10,650 tonnes as the coronavirus outbreak hits consumption of the metal, research house Antaike said on Thursday

* Output of nickel pig iron, a raw material for stainless steel producers, fell by 4.8% to 44,000 tonnes of metal equivalent, Antaike, the research arm of the China Nonferrous Metals Industry Association, said

* Many Chinese stainless steel plants have postponed their return to work as regional governments look to contain the spread of the virus, which has killed 563 people

* Mills stocked up before the Lunar New Year holiday from Jan. 24 but transport restrictions will likely mean disruption to raw material supply and outbound deliveries, Antaike said

* Nickel smelters will also face ore shortages if the epidemic situation prolongs, it added

* Demand for battery-grade chemical nickel sulphate has also been hit as automotive firms postpone work, Antaike said; a senior Tesla executive has said deliveries of its Model 3 cars from Shanghai will be delayed. (Reporting by Tom Daly; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below