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.

According to statistics from the General Administration of Customs of China, China imported 104.96 million mt of iron ore and iron concentrates in November, an increase of 15% on the month and 7% year-on-year.

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.

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.

According to SMM research, the recent resurgence of COVID in Myanmar's Moung Bog County has led to the closure of the city, with the lockdown lasting from 12:00 Myanmar time on November 9 to 12:00 November 12.

The Yangshan copper premiums stood between $110-140/mt under warrants last week, and $90-130/mt under bill of lading (B/L), with the quotation period in November. The SHFE/LME copper price ratio stood at 7.34 as of October 15.

SMM data showed that China's social inventories of aluminium across eight consumption areas fell 26,000 mt on the week to 732,000 mt as of August 5.

China's tin import and export in March 2018.

China's nickel import and export in January 2018.

The benchmark prices for Turkish imports of HMS #1&2 80:20 continued to rise throughout April as scrap remained in short supply and mills maintained strong levels of demand.