Monthly Nickel Market Report May 2025
2025-06-12 18:13:23 【Print】
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Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 China adjusts tariffs on US imports 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1 . 1 Chinese nickel cathode 99.96%min EXW China 3
3.1 . 2 Norilsk nickel cathode 99.96%min in port China 3
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 4
3.2 . 1 Philippine lateritic nickel ore 1.3%min CIF China 4
4. Company News 5
4.1 Changjiang Energy nickel sulfate output expected to decline 5
4.2 Ronbay New Energy nickel sulfate consumption expected to drop 5
4.3 Major Indonesia nickel plant restarts after deadly landslide 5
4.4 Qisheng Metal's electrowinning nickel output expected to decline 5
4.5 DMCI unit to pursue nickel mining project in Palawan 5
4.6 Xi'en New Materials sees decline in nickel sulfate production 5
4.7 Wanhua Chemical to boost nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 76.11% in May 6
5.2 Chinese refined nickel producers' production up by 0.81% MoM in May 6
5.3 Chinese refined nickel producers' stocks down by 3.52% MoM in May 6
5.4 Chinese nickel sulfate producers' operating rate posts 44.41% in May 6
5.5 Chinese nickel sulfate producers' output down by 10.21% MoM in May 7
5.6 Chinese nickel sulfate producers' inventory up by 50.65% MoM in May 7
5.7 Chinese ferronickel producers' operating rate reports 41.98% in May 7
5.8 Chinese ferronickel producers' output up by 1.05% MoM in May 8
5.9 Chinese ferronickel producers' stocks up by 30.65% MoM in late May 8
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume rose 89.81% MoM in Apr 2025 8
6.2 China's ferro-nickel import volume fell 19.38% MoM in Apr 2025 9
6.3 China's refined nickel (Co>0 . 005%) import volume grew 153.24% MoM in Apr 2025 10
6.4 China's nickel sulphate import volume increased 77.39% MoM in Apr 2025 11
6.5 China's refined nickel (Co>0 . 005%) export volume increased 136.17% YoY in Apr 2025 12
1. Market Highlights 3
2. Economy and Policy 3
2.1 China adjusts tariffs on US imports 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1 . 1 Chinese nickel cathode 99.96%min EXW China 3
3.1 . 2 Norilsk nickel cathode 99.96%min in port China 3
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 4
3.2 . 1 Philippine lateritic nickel ore 1.3%min CIF China 4
4. Company News 5
4.1 Changjiang Energy nickel sulfate output expected to decline 5
4.2 Ronbay New Energy nickel sulfate consumption expected to drop 5
4.3 Major Indonesia nickel plant restarts after deadly landslide 5
4.4 Qisheng Metal's electrowinning nickel output expected to decline 5
4.5 DMCI unit to pursue nickel mining project in Palawan 5
4.6 Xi'en New Materials sees decline in nickel sulfate production 5
4.7 Wanhua Chemical to boost nickel sulfate production 6
5. Producers Statistics 6
5.1 Chinese refined nickel producers' operating rate records 76.11% in May 6
5.2 Chinese refined nickel producers' production up by 0.81% MoM in May 6
5.3 Chinese refined nickel producers' stocks down by 3.52% MoM in May 6
5.4 Chinese nickel sulfate producers' operating rate posts 44.41% in May 6
5.5 Chinese nickel sulfate producers' output down by 10.21% MoM in May 7
5.6 Chinese nickel sulfate producers' inventory up by 50.65% MoM in May 7
5.7 Chinese ferronickel producers' operating rate reports 41.98% in May 7
5.8 Chinese ferronickel producers' output up by 1.05% MoM in May 8
5.9 Chinese ferronickel producers' stocks up by 30.65% MoM in late May 8
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume rose 89.81% MoM in Apr 2025 8
6.2 China's ferro-nickel import volume fell 19.38% MoM in Apr 2025 9
6.3 China's refined nickel (Co>0 . 005%) import volume grew 153.24% MoM in Apr 2025 10
6.4 China's nickel sulphate import volume increased 77.39% MoM in Apr 2025 11
6.5 China's refined nickel (Co>0 . 005%) export volume increased 136.17% YoY in Apr 2025 12