Data from the Online Inquiry Platform for Customs Statistics showed that China's nickel iron imports in April 2025 were 816,932.367 mt, down 16.44% MoM and up 12.83% YoY. Indonesia was the largest supplier, with 794,758.568 mt of nickel iron imported from the country that month, down 16.64% MoM and up 12.95% YoY. Colombia was the second-largest supplier, with 7,408.632 mt of nickel iron imported from the country that month, up 19.77% MoM and up 47.34% YoY. Below is a breakdown of nickel iron imports in April 2025 compiled based on data from the General Administration of Customs of China (GACC) website: Note: The total import/export volume also includes data from origins not listed in the table above.

[China's refined nickel imports increased both MoM and YoY in April 2025, with net imports turning positive] In March 2025, according to data released by the General Administration of Customs, China's refined nickel imports (including unwrought non-alloy nickel with a total nickel and cobalt content of ≥99.99% and cobalt content of ≤0.005%, other unwrought non-alloy nickel, and unwrought nickel alloys) reached 19,157 mt, up 116.92% MoM from March, up 135.76% YoY, and up 127.88% YoY on a cumulative basis.

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According to data from the General Administration of Customs of China, China's refined nickel imports in March 2025 reached 8,559.429 mt, up 8.37% MoM and 30.03% YoY. From January to March 2025, China's cumulative refined nickel imports totaled 42,300 mt, up 123% YoY. In March 2025, China's refined nickel exports amounted to 13,631.802 mt, down 6,569 mt MoM, a decrease of 32.52%, and up 6,135 mt YoY, an increase of 81.84%. From January to March 2025, China's cumulative refined nickel exports reached 47,904.35 mt, up 33,128 mt YoY, an increase of 224.21%. In March, the net imports of refined nickel were -5,072 mt, and from January to March 2025, the cumulative net imports of refined nickel were -5,599 mt. Data source: General Administration of Customs

Data from the Customs Statistics Online Query Platform showed that China's imports of unwrought nickel in March 2025 reached 8,559.429 mt, up 8.37% MoM and 30.03% YoY. Russia was the largest supplier, with imports of unwrought nickel from Russia totaling 1,919.5 mt, up 32.65% MoM and 29.76% YoY. Indonesia was the second-largest supplier, with imports of unwrought nickel from Indonesia reaching 1,902.216 mt, up 13.12% MoM and 71.12% YoY. Below is a breakdown of unwrought nickel imports in March 2025 based on data from the General Administration of Customs of China: Note: 1. Unwrought nickel includes unwrought non-alloy nickel with a total nickel and cobalt content ≥99.99% by weight and cobalt ≤0.005%; other unwrought non-alloy nickel; and unwrought nickel alloys. 2. The total import volume (total) also includes data from origins not listed in the above table.

Data from the Customs Statistics Online Query Platform showed that China's ferronickel imports in March 2025 reached 1,013,259.492 mt, up 11.55% MoM and 60.58% YoY. Indonesia was the largest supplier, with ferronickel imports from Indonesia in the same month totaling 989,055.225 mt, up 10.58% MoM and 60.70% YoY. New Caledonia was the second largest supplier, with ferronickel imports from New Caledonia in the same month reaching 7,407.6 mt, up 118.17% MoM and 2.21% YoY. Below is a breakdown of ferronickel imports in March 2025 based on data from the General Administration of Customs of China:

In March 2025, China's imports of refined nickel (including unwrought non-alloy nickel with a total nickel and cobalt content ≥99.99%, cobalt ≤0.005%, other unwrought non-alloy nickel, and unwrought nickel alloys) reached 8,832 mt, up 8.18% MoM from February and up 34.16% YoY, with a cumulative YoY increase of 124.56%. Net imports remained negative, according to data released by the customs statistics platform.

SMM Analysis Flash: China's Total Nickel Pig Iron Imports Reached 1.8376 Million mt in January-February, Up 13% YoY According to customs data, China's total nickel pig iron imports in January 2025 were 929,000 mt, down 6.7% MoM and up 4.4% YoY. In terms of metal content, the total nickel imports in January amounted to 116,400 mt (Ni contained), down about 6.6% MoM and up 0.5% YoY...

SMM Analysis Flash: China's Total Nickel Pig Iron Imports Reached 1.8376 Million mt in January-February, Up 13% YoY According to customs data, China's total nickel pig iron imports in January 2025 were 929,000 mt, down 6.7% MoM and up 4.4% YoY. In terms of metal content, the total nickel imports in January were 116,400 mt (Ni contained), down about 6.6% MoM and up 0.5% YoY...

[Motor Enterprises Purchase as Needed, Non-Oriented Silicon Steel Prices Fluctuate Rangebound] Recently, there has been no significant improvement in the fundamentals of the steel market. The price boost for general steel products faces considerable resistance. Coupled with the futures market continuing to fluctuate downward, market sentiment remains cautious. Downstream motor enterprises mostly purchase as needed, with low willingness for bulk stockpiling. Overall, it is expected that some specifications of silicon steel in Shanghai may see slight downward adjustments next week...