[SMM Analysis] Nickel Sulphate Imports from Indonesia and South Korea Rebounded in March, with Exports to Japan Rising

Published: Apr 21, 2026 16:50

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According to the latest data from China Customs, China's total nickel sulphate imports in March 2026 reached 6,530 mt in metal content, up 17% MoM and up 61% YoY. China's nickel sulphate exports totaled 114 mt in metal content, up 249% MoM and up 31% YoY. Net imports of nickel sulphate in March 2026 stood at 6,416 mt in metal content, up 16% MoM and up 62% YoY.

By country, exports to Japan rose this month, driving total exports higher. On the import side, imports from Indonesia, South Korea and other countries increased this month. Although imports from Finland pulled back, total imports still posted notable growth. Net imports of nickel salts rose this month, largely in line with last month's expectations.

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