Update: China Announces to Remove Tariff on Ferronickel Imports in 2015

Recently, the conflict between Russia and Ukraine has caused many worries in the financial market. With the further aggravation of the situation, both domestic and foreign nickel prices have risen sharply, among which SHFE nickel prices have once again been set a record high.

China imported 299,000 mt of NPI and ferronickel in October 2021, a decrease of 2.42% month-on-month but a growth of 10.09% year-on-year, according to customs data.

A fire broke out in the ferronickel smelting furnace at the nickel smelter in southeast Sulawesi, Indonesia yesterday at 4:00 p.m. According to sources, the furnace is located in Konawe and belongs to the PT.Obsidian stainless steel mill. The fire is currently affecting only one smelting furnace production line. The output of one ferronickel production line is expected to be 650 mt/month in Ni content under normal production. The impact caused by the fire is not significant.

China imported 306,500 mt of NPI and ferronickel in September 2021, a decrease of 12.34% month-on-month and 10.09% year-on-year, according to customs data.

China's ferronickel imports in April is expected to register at 13,400 mt in metal content, down from 17,700 mt in metal content in March due to fewer deliveries of nickel pig iron from Indonesia

China imported 48,000 mt of ferronickel from Indonesia in February, down 23% from January, according to latest customs data.

Macrolink plans to ship NPI from its Indonesian project to China in September, Shanghai Metals Market learns. 

Premiums of imported ferronickel for Q3 terms contracts fell, Shanghai Metals Market learns. 

Antam released its operation report for the first quarter of 2017 ending Mar. 31. 

Premiums of imported ferronickel have been rising since the end of 2016 Chinese New Year holiday, Shanghai Metals Market reports, doubling levels seen before China’s holiday as of the end of March.