[SMM Analysis] In May, nickel sulphate imports from Indonesia and Finland declined, while from South Korea increased.

Published: Jun 23, 2026 11:55

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According to the latest data from China Customs, in May 2026, China's total imports of nickel sulphate reached 4,182 mt in metal content, down 36% MoM and up 4% YoY. China's exports of nickel sulphate stood at 76 mt in metal content, down 33% MoM and 39% YoY. In May 2026, China's net imports of nickel sulphate reached 4,182 mt in metal content, down 35% MoM and up 9% YoY.

By country, exports to Japan and South Korea pulled back this month, dragging down total exports. On the import side, imports from Finland, Indonesia, and other countries saw a significant decline. Although imports from South Korea increased, total imports still experienced a notable pullback. This month, net imports of nickel sulphate declined, broadly in line with last month's expectations.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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