Nickel ore imports up, but tide said set to turn

Dec 28, 2007 | 05:25 AM |

China imported 1.17 million tonnes of nickel ore and concentrate in November, up 10 percent from a month earlier, according to the latest statistics from China's General Administration of Customs. But market participants expect imports to fall in the coming months amid sluggish demand.

"The nickel prices on the London Metal Exchange appeared comparatively stable from mid-September until the end of October, which could have encouraged more imports of nickel ore and concentrate into China in November," a trader in Shanghai said. "Some traders earlier expected the end-user stainless market to be revived in the fourth quarter of the year and, thus,....

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