China Nickel Market Supply-Demand Balance & Price Monthly December

In December, nickel ore imports from the Philippines decreased by 46.75% month-on-month to 1.61million tonnes, according to the General Administration of Customs of the People's Republic of China (GACC). Meanwhile, the production of MHP in Indonesia dropped by 1.50% MoM to 39,500 tonnes in December, and nickel matte production dropped by 0.81% MoM to 36,600 tonnes.In the NPI sector, low-grade nickel pig iron (NPI) production decreased 12.00% to 5,895tonnes, while high-grade NPI production increased 0.50% to 15,803 tonnes in December, based on the data from Mysteel.China's nickel sulfate production totaled 140,279 tonnes in December, or 30,735 tonnes in Ni. content in December,keeping flat month on month (MoM) according to Mysteel survey. The production comprised 0% nickel briquette/powder, 63.52% MHP, 63.52% high-grade nickel matte,8.65% secondary nickel by raw material, and 0% NPI.In addition, the production of ternary precursors declined 3.75% to 87,350 tonnes.

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