[SMM Analysis] In August, nickel sulphate imports from South Korea, Finland, and other countries increased, while imports from Indonesia declined further, with net imports recovering somewhat.
According to the latest data from China Customs, China's total nickel sulphate imports in August 2026 were 4,526 mt in metal content, up 5% MoM but down 32% YoY. China's nickel sulphate exports were 37 mt in metal content, down 68% MoM and down 67% YoY. In August 2026, China's net nickel sulphate imports were 4,490 mt in metal content, up 7% MoM but down 31% YoY.