海关统计数据在线查询平台公布的数据显示，中国2025年11月未锻压镍进口量为12,840.49吨，环比增长 29.18%，同比增长39.84%。 注：1、未锻压镍包括按重量计镍、钴总量≥99.99%，钴≤0.005％的未锻轧非合金镍；其他未锻轧非合金 镍；未锻轧的镍合金。 2、进口总量（总计）中亦包括上表未列出的部分原产地数据。 数据来源：海关总署 南非是第二大进口来源地，当月从南非进口未锻压镍2,433.38吨，环比增长247.54%，同比增长 305.49%。 以下为根据中国海关总署官网数据整理的2025年11月未锻压镍进口分项数据一览表： 挪威是第一大进口来源地，当月从挪威进口未锻压镍5,786.05吨，环比增长169.11%，同比增加 4528.84%。 ...

Core Insights - In November 2025, China's imports of nickel ore and its concentrates totaled 3,339,475.06 tons, representing a month-on-month decrease of 28.67% but a year-on-year increase of 4.30% [1] Group 1: Import Sources - The Philippines remains the largest source of nickel ore imports, with 3,021,288.99 tons imported in November 2025, showing a month-on-month decrease of 30.47% and a year-on-year increase of 6.08% [1] - New Caledonia is the second-largest source, with imports of 138,714.40 tons, reflecting a month-on-month increase of 40.79% and a year-on-year increase of 132.55% [1] - Guatemala saw imports of 86,755.34 tons, with a month-on-month increase of 37.88% and a year-on-year increase of 52.28% [1] - Solomon Islands experienced a significant month-on-month decrease of 54.11%, with imports totaling 35,503.00 tons, while year-on-year growth was 4.69% [1] - Australia reported imports of 21,021.79 tons, with a year-on-year increase of 37.75% [1] - Russia's imports totaled 15,635.99 tons, showing a month-on-month decrease of 14.13% and a year-on-year decrease of 1.59% [1] - Zambia's imports were 9,926.90 tons, with a month-on-month decrease of 8.85% and a year-on-year decrease of 13.46% [1] Group 2: Summary of Import Data - The total imports of nickel ore and concentrates in November 2025 were 3,339,475.06 tons, with a breakdown of sources indicating varied performance across different countries [1] - The overall import volume reflects significant fluctuations, with some countries showing strong growth while others faced declines [1]

以下为根据中国海关总署官网数据整理的2025年11月镍铁进口分项数据一览表： | 原产曲 | 2025年11月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 印度属西亚 | 873.426.27 | -1.18% | 3.77% | | 盟论比亚 | 7.778.10 | 50.11% | 52.93% | | 韓国 | 4.630.94 | 5.58% | -58.07% | | 新喀里多尼亚 | 4.489.41 | -47.57% | -31.65% | | 留 | 4,362.78 | 102.85% | -3.97% | | 三来西亚 | 397.06 | 44.01% | 406.23% | | 哈萨克斯坦 | 207.45 | -22.82% | | | 俄罗斯 | 155.35 | -36.89% | 5178133.33% | | 印度 | 0.02 | -84.55% | | | 总计 | 895,447.38 | -1.05% | 3.04% | 海关统计数据在线查询平台公布的数据显示，中国2025年11月镍铁进口量为895,447.38吨，环比下 ...

沪镍盘初延续偏强震荡，主力合约涨超3%。上周印尼释放消息，计划调整缩减2026年镍矿配额降至2.5 亿，并将于2026年年初修改矿产基准价格公式。受消息面刺激和近期金属受资金追捧推动， 镍价连续 反弹，后续关注政策落地情况。 ...

Core Viewpoint - The London Metal Exchange (LME) reported a significant increase in zinc inventory, reaching a four-and-a-half-month high of 99,900 tons on December 19, followed by a slight decrease to 99,250 tons on the following Monday [1]. Group 1: Inventory Data - LME zinc inventory rose by 2,400 tons from December 18 to December 19, marking a new high for the past four and a half months [1]. - The Shanghai Futures Exchange (SHFE) reported a weekly decline in zinc inventory of 5.66%, bringing it down to 76,017 tons, the lowest level in four months [1]. - The latest inventory levels indicate contrasting trends between LME and SHFE, with LME showing an increase while SHFE continues to decrease [1][3]. Group 2: Historical Inventory Comparison - The inventory data from December 2025 shows a consistent increase in LME zinc inventory, with notable figures such as 99,400 tons on December 18 and 97,700 tons on December 17 [5]. - The SHFE inventory has shown a downward trend, with the most recent figure of 76,017 tons on December 19, down from 80,577 tons on December 12 [5]. - The historical data highlights the fluctuations in zinc inventory levels, which can impact market prices based on supply and demand dynamics [3].

Group 1 - The core point of the article highlights a significant increase in China's refined lead imports in November 2025, with a total of 8,655.55 tons, reflecting a month-on-month growth of 127.05% and a year-on-year increase of 961.54% [1] Group 2 - South Korea is identified as the largest source of refined lead imports, contributing 4,342.37 tons in November 2025, which is a month-on-month rise of 57.45% and a year-on-year growth of 793.04% [1] - Kazakhstan ranks as the second-largest source, with imports amounting to 2,475.13 tons in the same month [1] - Other notable sources include South Africa with 879.69 tons, Malaysia with 548.11 tons (showing a decrease of 7.68%), and Tanzania with 211.26 tons [1]

除中国和未报告地区外，11月原铝产量为223.3万吨，日均产量为7.44万吨。 12月22日（周一），国际铝业协会(IAI)公布的数据显示，11月全球原铝产量同比增加0.5%，至608.6万 吨，日均产量为20.29万吨。 ...

海关统计数据在线查询平台公布的数据显示，中国2025年11月氧化铝出口量为167,969.55吨，环比下降 4.39%，同比下降12.21%。 俄罗斯是第一大出口目的地，当月对俄罗斯出口氧化铝149,256.47吨，环比减少8.55%，同比下降 5.09%。 韩国是第二大出口目的地，当月对韩国出口氧化铝5,323.55吨，环比增加181.29%，同比上升697.52%。 | CARD | | | | | --- | --- | --- | --- | | 塞内加尔 | 28.00 | -70.21% | | | 肯尼亚 | 27.00 | -- | -- | | 斯洛伐克 | 25.00 | -- | -- | | 英国 | 20.00 | -- | -80.00% | | 荷兰 | 16.01 | 539.04% | 3.41% | | 匈牙利 | 12.00 | 446.70% | -4.00% | | 品材料 | 12.00 | 433.33% | -- | | 法国 | 11.48 | 23318.37% | 4741.77% | | 捷克 | 5.95 | -90.45% | 38.08% | | ...

| 原产地 | 2025年11月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 泰国 | 27,558.94 | 3.19% | -6.61% | | 英国 | 23,236.85 | 6.37% | 45.29% | | 日本 | 20,128.69 | 5.16% | 8.24% | | 加拿大 | 15,418.49 | 43.20% | 211.94% | | 澳大利亚 | 10,521.27 | 4.00% | -3.42% | | 美国 | 8.786.13 | -32.23% | -13.64% | | 西班牙 | 8,151.21 | 17.25% | 124.63% | | 比利时 | 6,926.85 | 32.66% | 39.37% | | 韩国 | 5,488.24 | -12.05% | 145.69% | | 三四米市 | 4,935.24 | -18.91% | -39.13% | | 活國 | 4,356.96 | 12.74% | -5.72% | | 贺知国士 | 3,746.76 | 44.20% | -3.37% | | 德国 ...

海关统计数据在线查询平台公布的数据显示，中国2025年11月精炼锡进口量为1,194.53吨，环比上升 127.04%，同比减少66.05%。 秘鲁是第一大进口来源地，当月从秘鲁进口精炼锡700.61吨，环比上升300.34%，同比增长133.25%。 玻利维亚是第二大进口来源地，当月从玻利维亚进口精炼锡249.48吨，环比增长25.83%。 以下为根据中国海关总署官网数据整理的2025年11月精炼锡进口分项数据一览表： | 原产地 | 2025年11月(吨) | 环比 | 同比 | | --- | --- | --- | --- | | 秘鲁 | 700.61 | 300.34% | 133.25% | | 玻利维亚 | 249.48 | 25.83% | | | 印度尼西亚 | 225.53 | 80.57% | -92.50% | | 泰国 | 8.00 | -20.00% | -- | | 肥品圈旺 | 6.30 | 556.04% | 392.80% | | 新加坡 | 2.00 | -52.83% | -52.38% | | 日本 | 1.71 | 167.50% | 209.58% | | 美国 ...