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Nickel March 12, 2018 12:30:18 PM

Chinese Nickel Imports Plunged As Russian Supplies Halved

Paul Ploumis
ScrapMonster Author
The imports of Unwrought Nickel by the country totaled 26,497 mt during the month, significantly lower by nearly 36% when compared with the month before that.

Chinese Nickel Imports Plunged As Russian Supplies Halved

SEATTLE (Scrap Monster): The most recent monthly trade statistics released by the Chinese General Administration of Customs indicate substantial decline in imports of nickel-containing products by the country during the opening month of the year. On the other hand, exports recorded marginal jump over the prior month.

The imports of Unwrought Nickel by the country totaled 26,497 mt during the month, significantly lower by nearly 36% when compared with the month before that. The imports had totaled 41,219 mt during December 2017. The imports from Russia, the largest Nickel products exporter to China, tumbled to almost half from 21,104 mt in Dec ’17 to 10,416 mt in Jan ’18. The share of unwrought nickel imports from Russia dropped sharply from 51% to 39% over the year. In second place was Australia with 8,439 mt, down from 9,763 mt in December last year. The other key suppliers of unwrought nickel to China were Canada (2,736 mt), South Africa (1,843 mt) and Japan (922 mt).

The imports of Nickel Matte, Oxide and Sinter too dropped sharply from 26,147 mt in December 2017 to 22,094 mt in January this year.

The Ferro-Nickel imports surged higher by almost 6% month-on-month from 86,645 mt to 91,726 mt. The largest exporters to China during the month were Indonesia (57,620 mt), New Caledonia (14,729 mt), Myanmar (8,486 mt) and Colombia (7,486 mt).

The Chinese imports of nickel ore and concentrates declined considerably by nearly 18% to total 2.089 million nt. The largest supplier was Indonesia. The imports from that country totaled 1.091 million nt, followed by Philippines (696,062 nt), New Caledonia (184,068 nt) and Guatemala (61,923 nt).

Meantime, Chinese exports of unwrought nickel edged higher marginally from 838.6 nt in Dec ’17 to 846 nt in Jan ’18. The main export destinations were Italy(404 nt), India (191 nt) and the Netherlands (150 nt).

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Decent Nickel Deficit to Trigger Modest Price Rise in 2018

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