[SMM Analysis] Imports of Nickel Sulphate from Indonesia and Other Countries Continued to Rise in December, with Net Imports Reaching a 25-Year High

Published: Jan 27, 2026 17:30

Source: SMM

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According to the latest data from China Customs, China's total nickel sulphate imports in December 2025 reached 7,488 mt in metal content, up 7% MoM and 46% YoY. Nickel sulphate exports stood at 189 mt in metal content, down 36% MoM but up 95% YoY. Net imports of nickel sulphate in December 2025 were 7,299 mt in metal content, increasing 9% MoM and 45% YoY.
By country, exports to Japan pulled back this month, driving the overall export volume down. On the import side, shipments from countries such as Indonesia and South Korea showed significant growth. Although imports from Finland declined, total imports still rose. Net imports of nickel salts increased further this month, largely in line with last month's expectations.

Nickel market Nickel

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