[SMM Analysis] Nickel Sulphate Import and Export in June

According to the latest data from China Customs, China's nickel sulphate imports totaled 2,919 mt (metal content) in June 2025, down 27% MoM and 10% YoY. Nickel sulphate exports stood at 172 mt (metal content), up 4% MoM but down 41% YoY. The net imports of nickel sulphate reached 2,747 mt (metal content), declining 29% MoM and 7% YoY. The export increase mainly came from regions like Hong Kong (China) and Singapore, while the import decrease was primarily affected by countries including Finland. The net import volume of nickel salts dropped this month, largely in line with last month's expectations.

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