Data from the General Administration of Customs shows that China's imports of NPI in March were 430,056 mt, up 32.5% on the month and 28.8% on the year. Indonesia is the largest supplier, with imports amounting to 386,730 mt in March, up 35.9% MoM and 39.5% YoY.

![[SMM Analysis] The Return of the Philippine Mining Season Faces Freight Cost Pressure, While Indonesian Supply Is Constrained by the Progress of RKAB Approvals](https://imgqn.smm.cn/usercenter/UpZsx20251217171731.jpeg)

