Chinas nickel ore imports dropped 14.8 percent month on
month to 5.42 million tonnes in June amid low domestic nickel
pig iron prices.
Nickel pig iron
smelters operating rates are low due to the firm price of
ore but falling price of the alloy. "It can be expected that
ore imports will remain at low levels over the near term," one
Shanghai-based trader told AMM sister publication
pig iron production totaled 32,000 tonnes in June, down 1.5
percent from the previous month and 53.7 percent higher year on
year, according to market data provider Shanghai Metals Market
Information & Technology Co. Ltd.
Refined nickel imports totaled 10,423 tonnes in June, down
6.4 percent vs. May but 6.1 percent higher year on year.
A version of this
article was first published in AMM sister publication Metal