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China Nickel Market Supply-Demand Balance & Price Monthly February

Source: Mysteel Mar 26, 2026 09:43
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Nickel Demand Production Supply
In February, nickel ore imports from the Philippines to China decreased by 9.71% month-on-month to 977,367 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 4.18% MoM to 39,000 tonnes in February, and nickel matte production dropped by 1.69% MoM to 40,800 tonnes.In the NPI sector, low-grade nickel pig iron (NPI) production decreased 28.67% MoM to 4,655 tonnes, while high-grade NPI production increased 10.59% to 16,424 tonnes in February, based on the data from Mysteel.China's nickel sulfate production totaled 135,109 tonnes in February, or 29,724 tonnes in Ni. content in February, down 19.86% month on month (MoM) according to Mysteel survey. The production comprised 0% nickel briquette/powder, 54.68% MHP, 35.07% high-grade nickel matte, 8.65% secondary nickel by raw material, and 1.59% NPI.In addition, the production of ternary precursors declined 19.34% to 79,650 tonnes.

Feb

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Price Curve
Daily Prices
  • Nickel ore offer prices: FOB Indonesia

    Apr 01, 2026 11:32

  • Nickel sulfate prices: China

    Apr 01, 2026 11:16

  • Nickel ore portside prices: Lanshan port

    Apr 01, 2026 11:15

  • Nickel ore portside prices: Lianyungang port

    Apr 01, 2026 11:15

  • Nickel ore offer prices: Philippines

    Apr 01, 2026 11:15

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