Home / Metal News / 2009 May Ni Imports Data Analysis

2009 May Ni Imports Data Analysis

iconJun 26, 2009 00:00

SHANGHAI, June 26 (SMM) --
Nickel Ore:
China's imports of nickel ore were 939,708mt during May, with YTD imports of 3,705,201mt, down 510,200mt YoY. Many NPI producers replenished stocks during 2Q, contributing to the increases in imports of nickel ore. Additional producers restarted capacity as nickel prices continued to rise, while NPI production costs inched up due to slight increase in raw material prices.  In this context, costs remained at or near USD 13,000/mt for most producers.
Refined Nickel:
China's imports of refined nickel were 25,032mt during May, with YTD imports 78,995mt, up 37.38% YoY. The domestc/LME nickel price ratio was favorable for imports during April, attracting more traders and companies interesting in importing. However, there is a lag-time between orders and arrivals, so the large volumes of imported nickel ordered in April from Rotterdam warehouses began arriving in China during May, leading to a significant growth in nickel imports. The volume of imported nickel is expected to fall gradually during June and July.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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