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China's 2019 nickel ore imports from Indonesia jump 72% on year

Published 01/31/2020, 12:39 PM
Updated 01/31/2020, 12:40 PM
China's 2019 nickel ore imports from Indonesia jump 72% on year

Jan 31 (Reuters) - China's imports of nickel ore from
Indonesia leaped by nearly three-quarters in 2019, customs data
showed on Friday, as traders scrambled to ship the material
before an export ban from the Southeast Asian nation took effect
from the start this year.
While total 2019 imports of nickel ore rose 30% from 2018 to
56.13 million tonnes, imports from Indonesia rocketed 72% to
23.9 million tonnes, according to the General Administration of
Customs and Reuters calculations.
Indonesia, the world's biggest nickel ore producer, last
September announced it would expedite a ban on exports of the
material by two years to Jan. 1, 2020, in an effort to secure
supply for its domestic nickel processing industry. The ban sparked a rush to ship ore out of the country before
the end of 2019, notably into China, where nickel ore is mainly
used to make nickel pig iron, a raw material for its stainless
steelmaking sector, the world's largest.
In December, China's total nickel ore imports rose 60% from
the same time in 2018 to 4.32 million tonnes, with shipments
from Indonesia jumping 82% year-on-year to 2.47 million tonnes.
However, December shipments from Indonesia were down 26%
from November, as Indonesia temporarily banned exports amid the
stampede to ship cargoes out. December imports from Philippines, also a major producer of
nickel ore, stood at 1.54 million tonnes, up 24% year-on-year.

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