[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.

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

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.

According to the customs statistics platform, in November 2024, China's imports of refined nickel (including unwrought non-alloy nickel with a total nickel and cobalt content ≥99.99% and cobalt ≤0.005%, other unwrought non-alloy nickel and unwrought nickel alloys) amounted to 9,483 mt, down 8% MoM and up 32% YoY.

According to the customs statistics platform, in July 2024, China imported 4,752.727 mt of refined nickel (including unwrought non-alloy nickel with a total nickel and cobalt content ≥99.99% and cobalt ≤0.005%, other unwrought non-alloy nickel, and unwrought nickel alloys), a decrease of 39% MoM and 54.12% YoY.

【July Refined Nickel Imports Decline, Exports Increase, Net Exports Exceed 10,000 Tons】According to data from the General Administration of Customs, China's refined nickel imports in July 2024 totaled 4,230 tons, a month-on-month decrease of 39.28% and a year-on-year decrease of 56.27%. From January to July 2024, China's cumulative refined nickel imports amounted to 45,900 tons, a decrease of 11,300 tons or 19.84% year-on-year. (Wenhua Finance)

【SMM Flash News】According to SMM, the import of refined nickel in July across the country was 4,753 tons, while the export was 15,282 tons.

According to the customs statistics, in June 2024, China's imports of refined nickel (including unwrought non-alloy nickel with a nickel content of ≥99.99% and cobalt ≤0.005%, other unwrought non-alloy nickel and unwrought nickel alloy) were 7,742 mt, down 5.75% MoM and 16.36% YoY.

According to customs data, China's imports of refined nickel (including unwrought non-alloy nickel with a total nickel and cobalt content ≥99.99% and cobalt ≤0.005%, other unwrought non-alloy nickel, and unwrought nickel alloy) were 8,215 mt in May, up 1.1% MoM but down 21.85% YoY.

According to customs data, China imported 6,841 mt of refined nickel (including unwrought non-alloy nickel with the total amount of nickel and cobalt ≥99.99% and cobalt ≤0.005%, other unwrought non-alloy nickel and unwrought nickel alloy) in January and 5,812 mt in February, with customs clearance volume reaching 2,539 mt in January (up 10% MoM and down 73% YoY) and 3,141 mt in February. Among them, the import volume of other unwrought non-alloy nickel was 5,574 mt in January, down 37.36% YoY and 4,369 mt in February, down 19.41% YoY.