[SMM Analysis Flash: Indonesian NPI Exports to Rise by 13% YoY in 2024, Overseas Export Scope May Continue to Expand in 2025] According to the Directorate General of Customs and Excise, Indonesia's total NPI exports in January-December 2024 were approximately 9.6422 million mt, up by about 13% YoY. Exports to China totaled approximately 9.1563 million mt, accounting for 94.96% of Indonesia's annual exports, up by about 9.4% YoY...

[SMM Analysis Flash: Indonesian NPI Exports to Rise 13% YoY in 2024, Overseas Export Scope May Continue to Expand in 2025] According to the Directorate General of Customs and Excise, the total export volume of Indonesian NPI in 2024, January-December, is approximately 9.6422 million mt, up about 13% YoY. Exports to China totaled approximately 9.1563 million mt, accounting for 94.96% of Indonesia's annual exports, up about 9.4% YoY...

According to the Directorate General of Customs and Excise, the total export volume of Indonesian NPI in July 2024 was approximately 731,200 mt in physical content, down about 5.7% MoM and 3.1% YoY.

[SMM Analysis Flash: Indonesia's NPI Exports Declined by Approximately 5.7% MoM in July, with Germany and Japan Newly Added as Export Countries] According to the Indonesian Customs Administration, Indonesia's total exports of nickel pig iron (NPI) amounted to approximately 731,200 physical tons in July 2024, a decrease of approximately 5.7% month-on-month and approximately 3.1% year-on-year...

According to customs data, in August 2024, China's total FeNi+NPI imports were 522,300 mt in physical content, down 36.4% MoM and 42.6% YoY.

During the week, the SMM 8-12% NPI weekly average price was 987.1 yuan/mtu (ex-factory, tax included), up 14.3 yuan/mtu from a week ago. The Indonesian NPI FOB index rose 1.46% MoM to $1.7/mtu, with the price increase of NPI expanding this week. Supply side, domestically, current NPI production is running at a low level......