SHANGHAI, Aug 5 (SMM) — China produced 14,600 mt of refined nickel in July, down 3.05% or 460 mt from June, but up 15.73% from a year earlier.
Output across Gansu smelters stood flat on month, but rose 30% from the same period last year. No maintenance plans have been heard by far amid stable production environment and moderate shipments.
July output in Liaoning and Tianjin held largely unchanged from June as local smelters kept normal production.
July output across smelters in Xinjiang fell 37% month on month as part of the output will be classified into August statistics and some lines shifted to electro oxidation slots production.
Output in Shandong declined 16.67% as smelters reduced operating capacity to ease pressure.
SMM expects China’s refined nickel output to rise to 14,800 mt in August as production lines have recovered and part of July output will be classified into August statistics. The COVID-19 outbreak in Xinjiang will affect local transportation of raw materials.

![[SMM 니켈 시장 속보] 주요 스테인리스 공장, NPI 1만 톤 이상을 1,040위안/mtu 인도 조건으로 구매](https://imgqn.smm.cn/usercenter/VstiG20251217171732.jpeg)
![[SMM 니켈 모닝 미팅 요약] 미국 국채 수익률 상승으로 거시적 압력이 심화되며, 가장 활발하게 거래되는 SHFE 니켈 선물 계약이 장 초반 하락 출발 후 약세 흐름을 보임](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
