Monthly Nickel Market Report Jul 2025
2025-08-14 15:40:48 【Print】
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Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Indonesia plans to cut RKAB approval period to one year 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min in port China 3
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 3
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 4
3.2.1 Philippine lateritic nickel ore 1.5%min CIF China 4
4. Company News 4
4.1 Huiran Industry completes maintenance on ferronickel production equipment 4
4.2 Gepai Nickel-cobalt Materials halts production of nickel sulfate 4
4.3 Qisheng Metal cuts nickel plate production 5
4.4 Xinhai Technology to reduce ferronickel production 5
4.5 Philippine miner sees surge in nickel shipments to Indonesia 5
4.6 New Era Zhongneng suspends electrowinning nickel production 5
4.7 Zhangjiagang United Copper upgrades crude nickel sulfate production lines 5
4.8 Xi'en New Materials increases nickel sulfate production 5
4.9 Guangxi Yinyi increases output of nickel sulfate 5
4.10 Shanghai Greatpower postpones resumption of nickel sulfate production 5
5. Producers Statistics 5
5.1 Chinese refined nickel producers' operating rate hits 77.42% in July 5
5.2 Chinese refined nickel producers' production down by about 1.53% MoM in July 5
5.3 Chinese refined nickel producers' stocks down by around 3.24% MoM in July 6
5.4 Chinese nickel sulfate producers' operating rate records 45.27% in June 6
5.5 Chinese nickel sulfate producers' output up by approximately 14.27% MoM in July 6
5.6 Chinese nickel sulfate producers' inventory up by about 40.82% MoM in July 6
5.7 Chinese ferronickel producers' operating rate reports 36.46% in July 7
5.8 Chinese ferronickel producers' output down by nearly 11% MoM in July 7
5.9 Chinese ferronickel producers' stocks down by roughly 12.12% MoM in late July 7
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume increased 10.68% MoM in Jun 2025 8
6.2 China's ferro-nickel import volume grew 50.05% YoY in Jun 2025 9
6.3 China's refined nickel (Co＞0.005%) import volume grew 154.35% YoY in Jun 2025 10
6.4 China's nickel sulphate import volume decreased 27.35% MoM in Jun 2025 11
6.5 China's refined nickel (Co＞0.005%) export volume decreased 33.52% MoM in Jun 2025 11
Graph content
Graph 1 Price trend of nickel cathode 99.96%min from 01/06/2025-31/07/2025 (EXW China RMB/t) 3
Graph 2 Price trend of Norilsk nickel cathode 99.96%min in Chinese market from 01/06/2025-31/07/2025 (in port China RMB/t) 4
Graph 3 Price trend of nickel sulfate Ni 22%min, Co 0.4%max from 01/06/2025-31/07/2025 (Delivered China RMB/t) 4
Graph 4 Price trend of nickel sulfate Ni 22%min, Co 0.05%max from 01/06/2025-31/07/2025 (EXW China RMB/t) 4
Graph 5 Price trend of ferronickel 10%min from 01/06/2025-31/07/2025 (EXW China RMB/mtu) 4
Graph 6 Price trend of Philippine lateritic nickel ore 0.8%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 7 Price trend of Philippine lateritic nickel ore 1.3%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 8 Price trend of Philippine lateritic nickel ore 1.5%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 9 Chinese refined nickel producers' operating rate by month from July 2024 to July 2025 (%) 6
Graph 10 Chinese refined nickel producers' output by month from July 2024 to July 2025 (ton) 6
Graph 11 Chinese refined nickel producers' stocks by month from July 2024 to July 2025 (ton) 6
Graph 12 Chinese nickel sulfate producers' operating rate by month from July 2024 to July 2025 (%) 6
Graph 13 Chinese nickel sulfate producers' operating rate by province from July 2024 to July 2025 (%) 6
Graph 14 Chinese nickel sulfate producers' output by month from July 2024 to July 2025 (ton) 7
Graph 15 Chinese nickel sulfate producers' output by province from July 2024 to July 2025 (ton) 7
Graph 16 Chinese nickel sulfate producers' stocks by month from July 2024 to July 2025 (ton) 7
Graph 17 Chinese nickel sulfate producers' stocks by province from July 2024 to July 2025 (ton) 7
Graph 18 Chinese ferronickel producers' operating rate by month from July 2024 to July 2025 (%) 7
Graph 19 Chinese ferronickel producers' operating rate by province from July 2024 to July 2025 (%) 7
Graph 20 Chinese ferronickel producers' output by month from July 2024 to July 2025 (ton) 8
Graph 21 Chinese ferronickel producers' output by province from July 2024 to July 2025 (ton) 8
Graph 22 Chinese ferronickel producers' stocks by month from July 2024 to July 2025 (ton) 8
Graph 23 Chinese ferronickel producers' stocks by province from July 2024 to July 2025 (ton) 8
Graph 24 China's import volume of nickel concentrate in previous 13 months 8
Graph 25 China's import price of nickel concentrate in previous 13 months 9
Graph 26 China's import volume of nickel concentrate from top three countries in previous 13 months 9
Graph 27 China's import price of nickel concentrate from top three countries in previous 13 months 9
Graph 28 China's import volume of ferronickel in previous 13 months 9
Graph 29 China's import price of ferronickel in previous 13 months 10
Graph 30 China's import volume of ferronickel from top three countries in previous 13 months 10
Graph 31 China's import price of ferronickel from top three countries in previous 13 months 10
Graph 32 China's import volume of refined nickel (Co＞0.005%) in previous 13 months 10
Graph 33 China's import price of refined nickel (Co＞0.005%) in previous 13 months 11
Graph 34 China's import volume of refined nickel (Co＞0.005%) from top three countries in previous 13 months 11
Graph 35 China's import price of refined nickel (Co＞0.005%) from top three countries in previous 13 months 11
Graph 36 China's import volume of nickel sulfate in previous 13 months 11
Graph 37 China's import price of nickel sulfate in previous 13 months 12
Graph 38 China's import volume of nickel sulfate from top three countries in previous 13 months 12
Graph 39 China's import price of nickel sulfate from top three countries in previous 13 months 12
Graph 40 China's export volume of refined nickel (Co＞0.005%) in previous 13 months 12
Graph 41 China's export price of refined nickel (Co＞0.005%) in previous 13 months 13
Graph 42 China's export volume of refined nickel (Co＞0.005%) to top three countries in previous 13 months 13
Graph 43 China's export price of refined nickel (Co＞0.005%) to top three countries in previous 13 months 13
1. Market Highlights 3
2. Economy and Policy 3
2.1 Indonesia plans to cut RKAB approval period to one year 3
3. Market Movement 3
3.1 Chinese Market Movements 3
3.1.1 Chinese nickel cathode 99.96%min EXW China 3
3.1.2 Norilsk nickel cathode 99.96%min in port China 3
3.1.3 Nickel sulfate Ni 22%min, Co 0.4%max delivered China 3
3.1.4 Nickel sulfate Ni 22%min, Co 0.05%max EXW China 3
3.1.5 Ferronickel 10%min EXW China 4
3.2 International Market Movements 4
3.2.1 Philippine lateritic nickel ore 1.5%min CIF China 4
4. Company News 4
4.1 Huiran Industry completes maintenance on ferronickel production equipment 4
4.2 Gepai Nickel-cobalt Materials halts production of nickel sulfate 4
4.3 Qisheng Metal cuts nickel plate production 5
4.4 Xinhai Technology to reduce ferronickel production 5
4.5 Philippine miner sees surge in nickel shipments to Indonesia 5
4.6 New Era Zhongneng suspends electrowinning nickel production 5
4.7 Zhangjiagang United Copper upgrades crude nickel sulfate production lines 5
4.8 Xi'en New Materials increases nickel sulfate production 5
4.9 Guangxi Yinyi increases output of nickel sulfate 5
4.10 Shanghai Greatpower postpones resumption of nickel sulfate production 5
5. Producers Statistics 5
5.1 Chinese refined nickel producers' operating rate hits 77.42% in July 5
5.2 Chinese refined nickel producers' production down by about 1.53% MoM in July 5
5.3 Chinese refined nickel producers' stocks down by around 3.24% MoM in July 6
5.4 Chinese nickel sulfate producers' operating rate records 45.27% in June 6
5.5 Chinese nickel sulfate producers' output up by approximately 14.27% MoM in July 6
5.6 Chinese nickel sulfate producers' inventory up by about 40.82% MoM in July 6
5.7 Chinese ferronickel producers' operating rate reports 36.46% in July 7
5.8 Chinese ferronickel producers' output down by nearly 11% MoM in July 7
5.9 Chinese ferronickel producers' stocks down by roughly 12.12% MoM in late July 7
6. Import and Export Statistics 8
6.1 China's nickel concentrate import volume increased 10.68% MoM in Jun 2025 8
6.2 China's ferro-nickel import volume grew 50.05% YoY in Jun 2025 9
6.3 China's refined nickel (Co＞0.005%) import volume grew 154.35% YoY in Jun 2025 10
6.4 China's nickel sulphate import volume decreased 27.35% MoM in Jun 2025 11
6.5 China's refined nickel (Co＞0.005%) export volume decreased 33.52% MoM in Jun 2025 11
Graph content
Graph 1 Price trend of nickel cathode 99.96%min from 01/06/2025-31/07/2025 (EXW China RMB/t) 3
Graph 2 Price trend of Norilsk nickel cathode 99.96%min in Chinese market from 01/06/2025-31/07/2025 (in port China RMB/t) 4
Graph 3 Price trend of nickel sulfate Ni 22%min, Co 0.4%max from 01/06/2025-31/07/2025 (Delivered China RMB/t) 4
Graph 4 Price trend of nickel sulfate Ni 22%min, Co 0.05%max from 01/06/2025-31/07/2025 (EXW China RMB/t) 4
Graph 5 Price trend of ferronickel 10%min from 01/06/2025-31/07/2025 (EXW China RMB/mtu) 4
Graph 6 Price trend of Philippine lateritic nickel ore 0.8%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 7 Price trend of Philippine lateritic nickel ore 1.3%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 8 Price trend of Philippine lateritic nickel ore 1.5%min from 01/06/2025-31/07/2025 (CIF China USD/t) 5
Graph 9 Chinese refined nickel producers' operating rate by month from July 2024 to July 2025 (%) 6
Graph 10 Chinese refined nickel producers' output by month from July 2024 to July 2025 (ton) 6
Graph 11 Chinese refined nickel producers' stocks by month from July 2024 to July 2025 (ton) 6
Graph 12 Chinese nickel sulfate producers' operating rate by month from July 2024 to July 2025 (%) 6
Graph 13 Chinese nickel sulfate producers' operating rate by province from July 2024 to July 2025 (%) 6
Graph 14 Chinese nickel sulfate producers' output by month from July 2024 to July 2025 (ton) 7
Graph 15 Chinese nickel sulfate producers' output by province from July 2024 to July 2025 (ton) 7
Graph 16 Chinese nickel sulfate producers' stocks by month from July 2024 to July 2025 (ton) 7
Graph 17 Chinese nickel sulfate producers' stocks by province from July 2024 to July 2025 (ton) 7
Graph 18 Chinese ferronickel producers' operating rate by month from July 2024 to July 2025 (%) 7
Graph 19 Chinese ferronickel producers' operating rate by province from July 2024 to July 2025 (%) 7
Graph 20 Chinese ferronickel producers' output by month from July 2024 to July 2025 (ton) 8
Graph 21 Chinese ferronickel producers' output by province from July 2024 to July 2025 (ton) 8
Graph 22 Chinese ferronickel producers' stocks by month from July 2024 to July 2025 (ton) 8
Graph 23 Chinese ferronickel producers' stocks by province from July 2024 to July 2025 (ton) 8
Graph 24 China's import volume of nickel concentrate in previous 13 months 8
Graph 25 China's import price of nickel concentrate in previous 13 months 9
Graph 26 China's import volume of nickel concentrate from top three countries in previous 13 months 9
Graph 27 China's import price of nickel concentrate from top three countries in previous 13 months 9
Graph 28 China's import volume of ferronickel in previous 13 months 9
Graph 29 China's import price of ferronickel in previous 13 months 10
Graph 30 China's import volume of ferronickel from top three countries in previous 13 months 10
Graph 31 China's import price of ferronickel from top three countries in previous 13 months 10
Graph 32 China's import volume of refined nickel (Co＞0.005%) in previous 13 months 10
Graph 33 China's import price of refined nickel (Co＞0.005%) in previous 13 months 11
Graph 34 China's import volume of refined nickel (Co＞0.005%) from top three countries in previous 13 months 11
Graph 35 China's import price of refined nickel (Co＞0.005%) from top three countries in previous 13 months 11
Graph 36 China's import volume of nickel sulfate in previous 13 months 11
Graph 37 China's import price of nickel sulfate in previous 13 months 12
Graph 38 China's import volume of nickel sulfate from top three countries in previous 13 months 12
Graph 39 China's import price of nickel sulfate from top three countries in previous 13 months 12
Graph 40 China's export volume of refined nickel (Co＞0.005%) in previous 13 months 12
Graph 41 China's export price of refined nickel (Co＞0.005%) in previous 13 months 13
Graph 42 China's export volume of refined nickel (Co＞0.005%) to top three countries in previous 13 months 13
Graph 43 China's export price of refined nickel (Co＞0.005%) to top three countries in previous 13 months 13
