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Home / Metal News / 2009 August Ni Imports Data Analysis

2009 August Ni Imports Data Analysis

iconSep 25, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 25 (SMM) --
Nickel Ore:
According to China Customs, China's imports of nickel ore were 1.45 million mt during August, up 191.42% YoY, but down 34.07% MoM.  Imports from the Philippines were 991kt, while  421kt was imported from Indonesia.  MoM declines were mainly from declines in imports of laterite nickel ore.  A growing number of NPI producers are restarting idle capacity, and most of the recent arrivals of nickel ore were imported by producers from overseas market directly, leaving nickel ore supply in the market relatively tight.
Refined Nickel:
According to China Customs, China's imports of refined nickel were 22.7kt during August, down 52.46% YoY. Prices for imported nickel have been RMB 18,000/mt lower than domestic market prices since May. As a result, traders have gradually reduced imports, resulting in limited supply of imported nickel.

 

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