BRIEF-Glencore PLC Sees A 178 KT Primary Nickel Deficit For 2018 [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
BRIEF-Glencore PLC Sees A 178 KT Primary Nickel Deficit For 2018 | Reuters 1 Min Read Nov 1 (Reuters) - Glencore PLC: * SEES NPI PRODUCTION IN INDONESIA AT 250-260KT IN 2018, 320-330KT IN 2019, AND 380-400KT IN 2020 * INDONESIAN NPI SUPPLY ACCELERATES, BUT CHINESE NPI HAS UNDERPERFORMED YEAR-TO-DATE DUE TO ENVIRONMENTAL RESTRICTIONS * “AS EVIDENCED BY SUBSTANTIAL INVESTORY DRAWS, NICKEL PRODUCERS ARE UNABLE TO SERVICE DEMAND” * “DO NOT EXPECT MATERIAL NON-NICKEL PIG IRON SUPPLY GROWTH FROM MAIN ACTORS” * “STRONG EXPECTATION THAT SIZEABLE DEFICITS WILL CONTINUE IN THE FUTURE EVEN AT/BELOW TREND GROWTH”, REFERING TO NICKEL MARKET Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. BRIEF-Glencore PLC Sees A 178 KT Primary Nickel Deficit For 2018 Nov 1 (Reuters) - Glencore PLC: * SEES NPI PRODUCTION IN INDONESIA AT 250-260KT IN 2018, 320-330KT IN 2019, AND 380-400KT IN 2020
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