Global Refined nickel supply-demand balance ('000 tonnes) and base case price forecasts, 2008-2010 by quarters
|
|
2008
Q1
|
Q2
|
Q3
|
Q4
|
2009
Q1
|
Q2
|
Q3f
|
Q4f
|
2010
Q1f
|
|
Production
%chge yr on yr
|
356
-0.3%
|
359
-3.5%
|
332
-9.5%
|
326
-9.4%
|
307
-13.8%
|
299
-16.7%
|
295
-11.1%
|
311
-4.6%
|
317
3.3%
|
|
Consumption
%chge yr on yr
|
353
-6.1%
|
346
-3.1%
|
325
6.9%
|
270
-17.2%
|
258
-26.9%
|
277
-19.9%
|
300
-7.7%
|
325
20.4%
|
324
25.6%
|
|
Balance
% of Consumption
|
3
0.8%
|
13
3.8%
|
7
2.2%
|
56
20.1%
|
49
19.0%
|
22
7.9%
|
-5
1.7%
|
-14
4.3%
|
-7
2.3%
|
|
Reported Stocks
|
124
4.6
|
137
5.1
|
144
5.8
|
200
9.6
|
249
12.5
|
271
12.7
|
266
11.5
|
252
10.1
|
245
9.8
|
|
LMEcashPrice
$/tonne
$lb
|
28,863
13.09
|
25,730
11.67
|
18,961
8.60
|
10,913
4.95
|
10,460
4.74
|
12,992
5.89
|
17,700
8.03
|
18,125
8.22
|
18,300
8.30
|
