Ferronickel imports rebound close to 50% in Apr

SHANGHAI, May 29 (SMM) – China's ferronickel imports in April jumped 49.7% on the month to stand at 145,531 mt, after fewer arrivals from Indonesia drag on imports to 97,216 mt in March, showed data from China Customs on Wednesday May 29. 

Ferronickel imported from Indonesia posted 95,457 mt in April, up 41,025 mt from March, accounting for 84.9% of the growth in total imports last month. 

Compared with February, imports in April expanded a moderate 2.6%, with materials from Indonesia dipping 2.1%. 

Spillover impact of China’s anti-dumping investigation on stainless steel from Indonesia and limited import profits caused the steep decline in ferronickel imports from the South-east Asian country in March.