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Chinese Buyers Step Up Nickel Ore Imports from Indonesia in October

Metal News - Published on Wed, 27 Nov 2019

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According to the General Administration of Customs data, China's nickel ore imports from Indonesia surged 23.4% in October YoY, as Chinese buyers continue to stock up ahead of a ban on exports from top miners from January. China imported 6.85 million tonnes of nickel ore and concentrate last month,. That was down 3.9% from 7.13 million tonnes in September, but up 23.2% from 5.56 million tonnes a year earlier. Nickel ore shipments from Indonesia were 3.11 million tonnes in October as compared with the 2.52 million tonnes in September and surged 132.1% from 1.34 million tonnes a year earlier. China's imports of nickel ore from the Philippines, an alternative source of supply but with lower-grade ore, came in at 3.38 million tonnes last month, down 23% from 4.39 million tonnes in September and 4.01 million tonnes in October 2018.

The last high was recorded in January 2014 when the export ban on Indonesia ore was supposed to come into effect, but has since been delayed to the start of 2020 to redirect the ore for domestic use. The expedited ban prompted a scramble to ship ore out of Indonesia, with Jakarta imposing a temporary ban on shipments late last month after discovering violations of export rules. It has since allowed nine companies to resume exports until the end of the year.

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Posted By : Rabi Wangkhem on Wed, 27 Nov 2019
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