According to customs data, China’s total imports of nickel ore in June were 3,454,600 tons, an increase of 1,773,900 tons from May, an increase of 105.5% month-on-month and a year-on-year decrease of 17.1%.
Among them, imports from the Philippines amounted to 3.0748 million tons, an increase of 129% month-on-month and a year-on-year decrease of 3.54%. The impact of Philippine exports caused by the epidemic has basically been eliminated, and imports may rise to normal shipment levels in July. In addition, the amount of nickel ore from Xincao rebounded significantly, to 246,600 tons, an increase of 201.7% from the previous month. The shipment volume of Xincai was affected by the weather in the early stage and the shipment volume was low. It has gradually returned to normal levels. The cumulative import volume in the first half of the year was 833,600. Ton. There are still some low-grade nickel mines in the bonded areas in Indonesia. The customs data in June showed 107,000 tons, a decrease of 31.6% from the previous month, and all of them were low-grade. SMM expects that the export volume of nickel ore from the Philippines in July will gradually rise to normal levels.
