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Indonesia's ferronickel exports to China rise 42electronicsicbo.27% to 137,900 tons

May 16 to May 22, 2024electronicsicbo, the volume of ferronickel transported by Indonesia to the Chinese market reached 137,900 tons, an increase of 42.27% from the previous period. At the same time, this data shows that export volume fell by 5.66% compared with the same period last year. In addition, the volume of ferronickel entering China's major ports was 222,600 tons, a month-on-month increase of 33.12% and a year-on-year surge of 157.68%.

The number of ferronickel loading/waiting to be loaded ships at Indonesia's major ports surged to 6, a month-on-month increase of 100%. Despite this, shipments rebounded slightly during the current period, while arrivals remained at normal levels. Market observations show that the supply of nickel ore continues to be tight and will be difficult to resolve in the short term, which may affect the return of Indonesian ferronickel. According to shipping data, the return volume of ferronickel in May is expected to be 700,000 - 750,000 tons, showing signs of gradual recovery of the return volume.

Recently, the price of ferronickel has shown a steady upward trend, and trading prices have continued to rise. Despite this, we still need to be vigilant about the potential impact of the return of Indonesian ferronickel on the domestic market. In the future, investors should pay close attention to the supply of nickel ore in Indonesia and the trend of return of ferronickel.