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China Jan-Feb nickel ore imports fall 5.1% y/y as Indonesia ban begins

Published 03/25/2020, 11:33 AM
Updated 03/25/2020, 11:40 AM
NIKL
-

BEIJING, March 25 (Reuters) -
* China's nickel ore imports in the first two months of 2020
fell
5.1% from a year earlier, according to Reuters calculations
based on customs data released on Wednesday, as the ban on
exports from top miner Indonesia came into force
* China imported 4.32 million tonnes of nickel ore in
January and
February combined, according to data released by the General
Administration of Customs, versus 4.55 million tonnes a year
earlier
* Customs said last month it would combine trade data for
January
and February instead of releasing it for individual months
* Volumes in January-February from Indonesia, whose ban on
exports
from Jan. 1 sparked a scramble for ore in late 2019, were down
18.1% year-on-year at 1.98 million tonnes as the last cargoes to
be shipped arrived in China
* Arrivals from alternative supplier the Philippines
meanwhile
rose 39.6% year-on-year to 2.01 million tonnes
* Top Philippine miner Nickel Asia NIKL.PS on March 16
warned of
potential disruptions to shipments due to the coronavirus
* China's imports of nickel pig iron, a raw material for
stainless
steel production, rose 60.8% from a year earlier to 473,059
tonnes, with arrivals from Indonesia - which are not subject to
a ban - more than doubling to 403,575 tonnes


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