China Lead Imports and Exports Data November 2010

China rare earth ore imports recorded 14,400 mt in January-February 2022, down 13% YoY which was mainly attributed to middle and heavy rare earth.

The SHFE and LME nickel prices diverged markedly in the afternoon trading on Tuesday. The SHFE/LME nickel price ratio shrank from 7.28 to 7.07. The import loss widened to $1,000/mt.

According to General Administration of Customs China imported 8.73 million mt of bauxite in December, up 13.32% month-on-month and 16.4% year-on-year.

China imported 4.01 million mt of nickel ore and its concentrate in November, a decrease of 10% from the previous month and a year-on-year increase of 12%, According to General Administration of Customs.

The trades remained subdued, and the Yangshan copper premiums changed little. Many trading companies have closed their accounts and are busy with the year-end settlement, lacking purchasing interest for spot cargoes. Import losses fluctuated between 200-400 yuan/mt during the week against the January contract.

While LME aluminium surged nearly 30% on the US sanctions on Rusal from April 6, prices of alumina also soared with further upward room due to tight supplies and rising export margins

China exported 5.65 million mt of finished steel in March, up from 4.85 million mt in February, according to China Customs.

The decline in nickel ore shipments to China from the Philippines was mainly due to bad weather in Tawi-Tawi while the impact of environmental protection issues in Zambales was rather small.

China’s lowered export tax on stainless steel will not drive dramatic increase in exports in 2018, SMM believes.

China is going to adjust some import and export tariff from January 1,2018, after adjusted tariff of some consumer goods from December 1,2017.