Data: China's tin import, export in Feb

The Three-month LME nickel opened at $24,405/mt on Tuesday and gained 2.29% to close at $25,055/mt. While the most traded SHFE nickel contract opened at 180,000 yuan/mt, with an intraday increase of merely 0.87%. If US actually imposes sanctions on Russia, the NORNICKAL nickel plate that were previously exported to US may flow into China.

Shanghai base metals mostly trended lower on Tuesday morning after US dollar rallied significantly. Meanwhile, their counterparts on LME performed similarly.

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

Shanghai base metals basically trended lower amid a cautious market which expected the Fed to wrap up the bond purchasing program early than estimate. Meanwhile, their counterparts on LME mostly closed in the positive zone.

Shanghai base metals basically trended higher on Friday morning. Meanwhile, their counterparts on LME trended mixed.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

Imports of cobalt intermediate products were 5,166 mt in metal content in October (calculated at 27% grade), down 30% MoM.

It is reported that Jakarta stated that it would stop the export of refined tin from 2024.

According to customs data, China’s ferromolybdenum and molybdenum oxide exports in October 2021 were 3,178 mt, an increase of 8.35% from September.

Ferro-silico-manganese imports stood at 8,356 mt in October, up 483.52% MoM and 457.07% YoY; the exports registered 7,129.7 mt, up 11.47% MoM and 105.64% YoY. Its exports total 93,090.53 mt from January to October, and the imports stood at 21,799 mt.