Monthly Nickel Market Report Apr 2025
2025-05-20 17:40:25 【Print】
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Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Hike in Indonesia mining royalties to take effect soon, minister says 3
2.2 Nickel production disruption in Indonesia raises supply concerns 3
2.3 Peru imposes AD duties on China's base metal standard table cutlery 3
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
4. Company News 5
4.1 Wanhua Chemical to increase nickel sulfate production 5
4.2 Weima New Material raises nickel sulfate production 5
4.3 Vale's iron ore output falls 4.5% in first quarter 5
4.4 Century Tsingshan Nickel to complete maintenance of ferronickel equipment 5
4.5 Great Power Nickel and Cobalt Materials cuts nickel sulfate production 6
4.6 Huayi Chemical resumes nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 75.5% in Apr 6
5.2 Chinese refined nickel producers' production down by 5.67% MoM in Apr 6
5.3 Chinese refined nickel producers' stocks down by 30.79% MoM in Apr 6
5.4 Chinese nickel sulfate producers' operating rate posts 48.23% in Apr 6
5.5 Chinese nickel sulfate producers' output up by 3.63% MoM in Apr 7
5.6 Chinese nickel sulfate producers' inventory up by 7.58% MoM in Apr 7
5.7 Chinese ferronickel producers' operating rate reports 39.44% in Apr 7
5.8 Chinese ferronickel producers' output down by 2.04% MoM in Apr 8
5.9 Chinese ferronickel producers' stocks up by 8.77% MoM in late Apr 8
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume rose 33.95% MoM in Mar 2025 8
6.2 China's ferro-nickel import volume grew 60.01% YoY in Mar 2025 9
6.3 China's refined nickel (Co>0.005%) import volume grew 54.08% YoY in Mar 2025 10
6.4 China's nickel sulphate import volume increased 11.93% MoM in Mar 2025 11
6.5 China's refined nickel (Co>0.005%) export volume increased 76.86% YoY in Mar 2025 12
1. Market Highlights 3
2. Economy and Policy 3
2.1 Hike in Indonesia mining royalties to take effect soon, minister says 3
2.2 Nickel production disruption in Indonesia raises supply concerns 3
2.3 Peru imposes AD duties on China's base metal standard table cutlery 3
3. Market Movement 4
3.1 Chinese Market Movements 4
3.1.1 Chinese nickel cathode 99.96%min EXW China 4
3.1.2 Norilsk nickel cathode 99.96%min in port China 4
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 4
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 4
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 5
3.2.1 Philippine lateritic nickel ore 1.3%min CIF China 5
4. Company News 5
4.1 Wanhua Chemical to increase nickel sulfate production 5
4.2 Weima New Material raises nickel sulfate production 5
4.3 Vale's iron ore output falls 4.5% in first quarter 5
4.4 Century Tsingshan Nickel to complete maintenance of ferronickel equipment 5
4.5 Great Power Nickel and Cobalt Materials cuts nickel sulfate production 6
4.6 Huayi Chemical resumes nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 75.5% in Apr 6
5.2 Chinese refined nickel producers' production down by 5.67% MoM in Apr 6
5.3 Chinese refined nickel producers' stocks down by 30.79% MoM in Apr 6
5.4 Chinese nickel sulfate producers' operating rate posts 48.23% in Apr 6
5.5 Chinese nickel sulfate producers' output up by 3.63% MoM in Apr 7
5.6 Chinese nickel sulfate producers' inventory up by 7.58% MoM in Apr 7
5.7 Chinese ferronickel producers' operating rate reports 39.44% in Apr 7
5.8 Chinese ferronickel producers' output down by 2.04% MoM in Apr 8
5.9 Chinese ferronickel producers' stocks up by 8.77% MoM in late Apr 8
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume rose 33.95% MoM in Mar 2025 8
6.2 China's ferro-nickel import volume grew 60.01% YoY in Mar 2025 9
6.3 China's refined nickel (Co>0.005%) import volume grew 54.08% YoY in Mar 2025 10
6.4 China's nickel sulphate import volume increased 11.93% MoM in Mar 2025 11
6.5 China's refined nickel (Co>0.005%) export volume increased 76.86% YoY in Mar 2025 12
