According to Customs Statistics of China, China import volumes of nickel ores was 1.99 million MT in April, an increase of 35.7% over March. The average price paid was USD173/mt.
Indonesia was the largest source with 1.41million MT followed by the Philippines with 0.48million MT, New Caledonia with 50,000MT, Australia with 17,000MT and Botswana with 14,000MT.
Imports of 5.55 million MT of nickel ores for the first four months of 2008 rose by 44% compared with the same period in 2007.
Current stocks of nickel ores in Chinese ports have reached 7.8 million MT in China leading to suggestions that the government should consider adopting import controls.
Minerals and Metals at www.minerals-and-metals.com
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