China September Nickel Sulphate Import And Export Data

Published: Oct 27, 2023 17:32

Source: SMM

Save

According to the latest data from the China Customs website, the total imports of nickel sulphate in China in September 2023 was 3,181 mt in nickel content, down 24% MoM and up 138% YoY.

According to the latest data from the China Customs website, the total imports of nickel sulphate in China in September 2023 was 3,181 mt in nickel content, down 24% MoM and up 138% YoY. The exports of nickel sulphate from China were 116 mt in metal content, down 53% MoM and up 5,766% YoY. In September 2023, China had a net import of 3,065 mt in metal content in nickel sulphate, down 22% MoM and up 130% year-on-year YoY.

Analyzing the import data by country, the main reason for the decline in nickel sulphate imports is attributed to delays in the arrival of nickel sulphate produced by Lygend Group in Indonesia in July, which resulted in a sharp increase in imports in August. However, the import volume returned to a stable level in September, leading to a decline in import data.

As for the export data, the main reason for the decline is due to delayed demand from buyers in South Korea.

Import/Export

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 mins ago

[SMM Nickel Market Flash] Nickel Hits Near Two-Year Intraday High on Indonesia Curbs and Sulfur Shortage

LME nickel climbed to its highest intraday level in nearly two years as Indonesia’s mining quota cuts and a global sulfur shortage tightened the supply outlook. Since the start of the Iran war, nickel futures have risen by about 10%, with surging sulfur prices fueling concerns over disruptions to Indonesian MHP production and copper leaching operations in Africa. LME nickel briefly reached $19,350/t, the highest level since June 2024. Current market sentiment remains firm, with traders focusing on tighter Indonesian supply expectations and the potential impact of sulfur shortages on hydromet nickel intermediate production.

2 mins ago

6 mins ago

[SMM Stainless Steel Market Flash] Odfjell to Acquire Four 40,000 dwt Fully Stainless Steel Newbuildings

According to Odfjell, the company has signed agreements to acquire four 40,000 dwt fully stainless-steel newbuildings to be built at Kitanihon Shipbuilding in Japan, with a total transaction value of about $290 million and deliveries scheduled from 1Q 2027 to 2Q 2029. The company said the vessels are intended for its core deep-sea chemical shipping trades and will feature fully stainless-steel construction. The move highlights that demand for high-specification stainless steel vessels remains solid in the chemical tanker segment and suggests shipowners are still willing to commit to long-term investment in premium stainless steel applications.

6 mins ago

16 mins ago

[SMM Nickel Midday Review] On April 27, nickel prices surged significantly to a high of 150,000, with total profits of China's above-scale industrial enterprises up 15.5% YoY in January-March

16 mins ago