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Chinese Nickel Ore Imports in Jan-Feb Falls 5% YoY

Metal News - Published on Thu, 26 Mar 2020

Image Source: China Nickel Ore Import
China’s nickel ore imports in the first two months of 2020 fell 5.1% from a year earlier, according to Reuters calculations based on customs data released on Wednesday, as the ban on exports from top miner Indonesia came into force.

General Administration of Customs data showed that China imported 4.32 million tonnes of nickel ore in January and February combined, versus 4.55 million tonnes a year earlier. Volumes in January-February from Indonesia, whose ban on exports from Jan. 1 sparked a scramble for ore in late 2019, were down 18.1% year-on-year at 1.98 million tonnes as the last cargoes to be shipped arrived in China. Arrivals from alternative supplier the Philippines meanwhile rose 39.6% year-on-year to 2.01 million tonnes.

China’s imports of nickel pig iron, a raw material for stainless steel production, rose 60.8% from a year earlier to 473,059 tonnes, with arrivals from Indonesia – which are not subject to a ban – more than doubling to 403,575 tonnes.

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Posted By : Yogender Pancholi on Thu, 26 Mar 2020
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