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SMM analysis of nickel hydrometallurgy intermediate product and nickel matte imports and exports in March 2024

iconApr 23, 2024 14:10
Source:SMM
According to customs data, China imported 129,000 mt of nickel hydrometallurgy intermediate products in March, or 24,600 mtu (up 154% MoM and holding stable YoY).

According to customs data, China imported 129,000 mt of nickel hydrometallurgy intermediate products in March, or 24,600 mtu (up 154% MoM and holding stable YoY). The resumption of imports from Papua New Guinea, Indonesia, Australia, New Caledonia and Finland contributed to the increase. In February, the customs clearance volume dropped significantly due to the Spring Festival holiday, but it returned to normal levels in April. China imported 30,900 mt of nickel matte in March, or 18,900 mtu (up 92% MoM and 69% YoY). The increase was mainly attributed to Indonesia. In March, The output of high-grade nickel matte in Sulawesi increased significantly compared with February.

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