Ni Laterite Inventory Fall by 472 kt at Ports
18/02/20 | Nickel
Shanghai Nonferrous Metals News SMM: As of last Friday, nickel laterite inventory at Chinese ports fell by 472 kt to 13.7 mln t (116.8 kt in Ni metal), a decline of 3.8 kt (in Ni metal) from 7th February. Nickel laterite inventory at the major seven large ports was 10.85…
China Dec. NPI Imports of 198 kt
06/02/20 | Nickel
Shanghai Nonferrous Metals News China imported 198 kt of NPI in December 2019, up 64% y-o-y but down 13% m-o-m. Indonesian remains the largest NPI supplier to China with its December exports of 136.5 kt, up 61% y-o-y. Source
Jinchuan Resumes Operations 3 Feb.
03/02/20 | Nickel
Futures Market News Gansu Jinchuan, a major electrolytic nickel producer in China is to resume operations on 3rd February 2020. NPI producers in major producing regions including Shandong, Jiangsu, Fujian and Guangdong have all decided to restart no earlier than 9th February 2020, and this includes Xinhai in Shandong and…
China’s Ni Laterite Imports of 4.32 mln t in December
22/01/20 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 4.32 mln t of nickel laterite in December 2019. Of this figure imports from Indonesia were 2.47 mln t, down 26% m-o-m but up 101% y-o-y. China’s nickel laterite imports from Indonesia have been rising rapidly, with the monthly amount climbing by 100%…
SMM: China December NPI Output at 47.6 kt
10/01/20 | Nickel
Shanghai Nonferrous Metals News China produced 47.6 kt of NPI (in Ni metal) in December 2019, down 10.36% m-o-m but up 14.91% y-o-y. Several large NPI smelters reduced their operations in December, momentum likely to extend through to January 2020. New shipments of nickel laterite were sparse one month prior…
China Imports 5.99 mln t of Ni Laterite in November
26/12/19 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 5.99 mln t of nickel laterite in November 2019, down 858.9 kt or 12.5% m-o-m but up 84.1% y-o-y. Of the total, 3.34 mln t was imported from Indonesia, down 7.4% m-o-m, and up 178.37% y-o-y. China’s monthly nickel laterite imports from…
Indonesian’s 2020 NPI Output to Rise to 530 kt
24/12/19 | Nickel
Shanghai Nonferrous Metals News Despite several NPI development projects underway in Indonesia, most lack a clear commencement date. Indonesian’s NPI output growth in 2020 is expected to come from Indonesian Tsingshan and Virtue Dragon (Delong). Indonesia’s NPI output is expected to increase to 530 kt (in Ni metal) in…
2020 Import Tariffs on Aa and NPI Unchanged
Alu New According to China’s ‘2020 Regulations on Tariffs of Imports/Exports’, China’s annual MFN (most favored nation) import tariff rates and provisional import tariff rates on alumina and NPI will remain unchanged from 2019. Starting 1st January 2020, a 5% MFN tariff and 0% provisional tariff rate will be levied…
Domestic Ni Prices Continue to Fall
16/12/19 | Nickel
China Nonferrous Metals News Domestic nickel prices continue to fall in December, with increased nickel laterite stocks at smelters and ample NPI supply in the short term. Nickel prices and transactions have been in decline as a result of weak demand, in conjunction with well-stocked downstream stainless steel producers.…
