[SMM Flash News] China’s Nickel Ore Imports Remain Elevated in June as Philippine Supply Dominates

Published: Jul 20, 2026 23:31

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China imported approximately 5.86 million mt of nickel ore in June 2026, down 1.6% MoM from 5.95 million mt in May. Imports from the Philippines remained broadly stable at 5.45 million mt, accounting for around 93% of the total, as the dry-season shipment peak continued. Shipments from New Caledonia fell 48% MoM to 117,400 mt, while imports from Guatemala more than tripled to 170,600 mt, partially offsetting declines from other suppliers. Overall imports remained at historically elevated levels, reflecting strong seasonal availability from the Philippines, although the high concentration of supply continues to expose the market to weather-related shipment disruptions.

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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