China Nickel Market Supply-Demand Balance & Price Monthly March

In March, nickel ore imports from the Philippines to China increased by 42.55% month-on-month to 1,393,216 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 16.67% MoM to 32,500 tonnes in March, and nickel matte production dropped by 1.96% MoM to 40,000 tonnes.In the NPI sector, low-grade nickel pig iron (NPI) production increased 12.27% MoM to 5,226 tonnes, while high-grade NPI production increased 4.62% to 17,182 tonnes in March, based on the data from Mysteel.China's nickel sulfate production totaled 262,194 tonnes in March, or 57,683 tonnes in Ni. content in March, up 31.42% month on month (MoM) according to Mysteel survey. The production comprised 0% nickel briquette/powder, 56.35% MHP, 35.24% high-grade nickel matte, 7.02% secondary nickel by raw material, and 1.39% NPI.In addition, the production of ternary precursors rose 22.72% to 97,750 tonnes.

0421

0414

Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026.

https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes