China Nickel Ore Imports Grow in February on Supply of Indonesian Ore, SMM Reports

Published: Mar 28, 2017 10:12

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Inbound shipments of nickel ore to China were 1.09 million tonnes in February, up both on a monthly and yearly basis, according to China Customs.

SHANGHAI, Mar. 28 (SMM) – Inbound shipments of nickel ore to China were 1.09 million tonnes in February, up both on a monthly and yearly basis, according to China Customs.

The imports were up 0.42 percent month-on-month, and 73 percent year-on-year, according to the data.

How Many Nickel Ore to Go to China from Indonesia before Quota Decision? SMM Reports

SMM attributes the small month-on-month growth to the supply of nickel ore from Indonesia, and the big yearly growth was mainly because China had begun sourcing ores from new suppliers. Moreover, some mines in Zambales, the Philippines resumed ore shipment earlier than the year earlier, also contributing the sharp rise on a yearly basis.

Philippines Allows 8 'Suspended' Miners to Ship Out Nickel Ore

China’s nickel ore imports during the first two months of 2017 were 2.18 million tonnes, up 30.23 percent on a yearly basis, according to China Customs.

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nickel prices nickel ore prices china nickel ore inventories

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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