Global nickel market deficit narrows in July to 24,700 T -INSG

Credit: REUTERS/Yusuf Ahmad

The global nickel market deficit declined to 24,700 tonnes in July from a June shortfall of 32,400 tonnes, data from the International Nickel Study Group (INSG) showed.

LONDON, Sept 23 (Reuters) - The global nickel market deficit declined to 24,700 tonnes in July from a June shortfall of 32,400 tonnes, data from the International Nickel Study Group (INSG) showed.

During the first seven months of the year, the nickel market saw a deficit of 158,900 tonnes compared with a surplus of 80,500 tonnes in the same period last year, the Lisbon-based INSG added.

Data below is in thousands of tonnes.

July

June

Jan-July 2021

Jan-July 2020

Mine production

251.6

230.8

1506.3

1288.6

Refined production

229.2

215.3

1478.0

1403.1

Refined Usage

253.8

247.7

1636.9

1322.6

Balance

-24.7

-32.4

-158.9

80.5

(Reporting by Eric Onstad; editing by Jason Neely)

((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))

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