2025年1-10月中国镍铁进口总量925.8万吨，同比增加215.8万吨，增幅30.4%。其中，自印尼进口镍铁量 902.5万吨，同比增加218.6万吨，增幅32.0%。 数据来源：海关总署 据中国海关数据统计，2025年10月中国镍铁进口量90.5万吨，环比减少18万吨，降幅16.6%；同比增加 21.4万吨，增幅31.0%。其中，10月中国自印尼进口镍铁量88.4万吨，环比减少17.1万吨，降幅16.2%； 同比增加21.5万吨，增幅32.1%。中国10月镍铁进口小幅下滑，仍维持高位。 ...

Group 1: Import Data - In October 2025, China's refined nickel imports totaled 9,939.65 tons, a month-on-month decrease of 65.21% and a year-on-year increase of 0.31% [1] - From January to October 2025, the cumulative refined nickel imports reached 197,100 tons, representing a year-on-year increase of 174% [1] - The main changes in imports were from Russia and Norway, with imports from Russia dropping to 1,043.77 tons, a month-on-month decline of 94.6%, and imports from Norway decreasing to 2,150.086 tons, a month-on-month drop of 29.58% [1] Group 2: Export Data - In October 2025, China's refined nickel exports amounted to 13,667.471 tons, a month-on-month decrease of 445 tons (3.15%) but a year-on-year increase of 286 tons (2.14%) [3] - The net export of refined nickel in October 2025 was 3,728 tons [3] - From January to October 2025, the cumulative refined nickel exports reached 147,104.519 tons, a year-on-year increase of 52,398 tons (55.33%) [3] - Major export destinations included Singapore (66% of exports), South Korea (16%), and Taiwan (9%) [3]

Core Insights - In October 2025, China's nickel ore imports totaled 4.6828 million tons, a month-on-month decrease of 1.4316 million tons, representing a decline of 23.41%, but a year-on-year increase of 462,800 tons, or 10.97% [1] - The imports consisted of 4.6525 million tons of laterite nickel ore and 30,300 tons of sulfide nickel ore [1] - The Philippines was the primary source of laterite nickel ore, supplying 4.3468 million tons, which accounted for 92.82% of the total imports for the month [1] - From January to October 2025, the total nickel ore imports reached 36.9309 million tons, reflecting a year-on-year increase of 10.80% [1] - The significant reduction in nickel ore imports in October is attributed to the onset of the rainy season in the Philippines [1]

Group 1 - The core point of the article highlights a significant decrease in China's nickel wet-process intermediate imports in October 2025, with a month-on-month reduction of 39,300 tons, representing a decline of 20.62%, while year-on-year, there was an increase of 31,700 tons, or 26.52% [1] - In October 2025, the total import volume of nickel wet-process intermediate was 151,300 tons, with imports from Indonesia accounting for 133,800 tons, which is a month-on-month decrease of 17.01%, making up 88.45% of the total imports for the month [1] - From January to October 2025, the total import volume of nickel wet-process intermediate reached 1,530,400 tons, reflecting a year-on-year increase of 29.14% [1]

Group 1 - The core point of the article highlights a significant decrease in China's nickel sulfate imports in October 2025, with a month-on-month reduction of 7,478 tons, representing a decline of 25.3%, while year-on-year, there was an increase of 11,756 tons, marking a growth of 114.1% [1] - The total cumulative import volume of nickel sulfate for China from January to October 2025 reached 211,776 tons, reflecting a year-on-year increase of 16.7% [3] - The primary sources of nickel sulfate imports in October 2025 included Indonesia (13,748 tons), South Korea (1,793 tons), and Finland (5,133 tons), indicating a notable reduction in imports mainly from Indonesia [1]

Group 1 - In October 2025, China's nickel matte imports totaled 28,300 tons, a month-on-month decrease of 28,400 tons, representing a decline of 50.06% [1] - Year-on-year, the imports decreased by 4,400 tons, which is a decline of 13.33% [1] - The import volume from Indonesia was 27,900 tons, a month-on-month decrease of 49.80%, accounting for 98.45% of the total imports for the month [1] Group 2 - From January to October 2025, the total nickel matte imports amounted to 355,200 tons, reflecting a year-on-year decrease of 4.81% [1]

海关统计数据在线查询平台公布的数据显示，中国2025年10月未锻压镍进口量为9,939.65吨，环比减少 65.21%，同比增长0.31%。 印度尼西亚是第一大进口来源地，当月从印度尼西亚进口未锻压镍3,660.19吨，环比增长17.78%。 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 挪威是第二大进口来源地，当月从挪威进口未锻压镍2,150.09吨，环比减少29.58%，同比增长 684.70%。 以下为根据中国海关总署官网数据整理的2025年10月未锻压镍进口分项数据一览表： ...

Core Insights - In October 2025, China's nickel-iron imports totaled 905,144.28 tons, reflecting a month-on-month decrease of 16.60% but a year-on-year increase of 31.72% [1] Import Sources - Indonesia remains the largest source of nickel-iron imports, with 884,038.43 tons imported in October 2025, showing a month-on-month decline of 16.22% and a year-on-year increase of 32.87% [1] - New Caledonia is the second-largest source, with imports of 8,562.48 tons, which is a month-on-month increase of 13.37% and a year-on-year rise of 51.52% [1] Detailed Import Data - The import data for October 2025 by origin is as follows: - Indonesia: 884,038.43 tons, -16.22% MoM, +32.87% YoY [1] - New Caledonia: 8,562.48 tons, +13.37% MoM, +51.52% YoY [1] - Colombia: 5,181.70 tons, -33.96% MoM, +12.79% YoY [1] - South Korea: 4,386.31 tons, -14.04% MoM, -39.58% YoY [1] - Thailand: 2,150.70 tons, -76.09% MoM, -47.19% YoY [1] - Malaysia: 275.71 tons, +415.13% MoM, +91.80% YoY [1] - Kazakhstan: 268.77 tons, +16.04% MoM [1] - Russia: 246.16 tons, -27.14% MoM [1] - Japan: 33.91 tons [1] - India: 0.12 tons, -99.90% YoY [1] - Total imports for October 2025 amounted to 905,144.28 tons, with a month-on-month decrease of 16.60% and a year-on-year increase of 31.72% [1]

Core Insights - In October 2025, China's imports of nickel ore and its concentrates reached 4,682,830.33 tons, representing a month-on-month decrease of 23.50% but a year-on-year increase of 11.82% [1] Import Sources - The Philippines remains the largest source of nickel ore imports, with 4,346,832.03 tons imported in October 2025, showing a month-on-month decline of 25.29% but a year-on-year increase of 7.52% [1] - New Caledonia is the second-largest source, with imports of 98,528.75 tons, reflecting a significant month-on-month increase of 421.05% [1] - Other notable sources include: - Solomon Islands: 77,360.07 tons, month-on-month increase of 90.50% [1] - Côte d'Ivoire: 66,860.64 tons, month-on-month decrease of 31.13% and year-on-year decrease of 35.51% [1] - Guatemala: 62,921.40 tons, month-on-month decrease of 35.97% but a year-on-year increase of 172.10% [1] - Russia: 18,209.18 tons, month-on-month decrease of 27.33% but a year-on-year increase of 164.00% [1] - Tanzania: 1,227.17 tons, month-on-month decrease of 28.02% but a year-on-year increase of 6.15% [1] - Indonesia: 0.01 tons, showing a month-on-month increase of 200.00% [1] Summary Table | Source | October 2025 (tons) | Month-on-Month Change | Year-on-Year Change | |-------------------|---------------------|-----------------------|----------------------| | Philippines | 4,346,832.03 | -25.29% | 7.52% | | New Caledonia | 98,528.75 | 421.05% | -- | | Solomon Islands | 77,360.07 | 90.50% | -- | | Côte d'Ivoire | 66,860.64 | -31.13% | -35.51% | | Guatemala | 62,921.40 | -35.97% | 172.10% | | Russia | 18,209.18 | -27.33% | 164.00% | | Tanzania | 1,227.17 | -28.02% | 6.15% | | Indonesia | 0.01 | 200.00% | -- | | Total | 4,682,830.33 | -23.50% | 11.82% | [1]

Core Insights - China's refined zinc imports in October 2025 totaled 18,836.76 tons, representing a month-on-month decrease of 16.94% and a year-on-year decrease of 67.38% [1] Import Sources - Kazakhstan was the largest source of refined zinc imports, supplying 16,127.43 tons in October 2025, which is a month-on-month decrease of 9.18% but a year-on-year increase of 21.53% [1] - Iran ranked as the second-largest source, with imports of 1,000.26 tons, showing a month-on-month decline of 44.41% and a year-on-year decline of 75.73% [1] Other Import Data - Australia: 806.30 tons, down 28.03% month-on-month and down 94.81% year-on-year [1] - Japan: 407.29 tons, down 49.38% month-on-month and down 2.85% year-on-year [1] - Spain: 179.32 tons, up 51.08% month-on-month but down 92.85% year-on-year [1] - India: 99.51 tons, down 0.99% month-on-month and down 98.69% year-on-year [1] - United States: 70.00 tons, no month-on-month data available but down 17.96% year-on-year [1] - Peru: 49.31 tons, up 11.14% month-on-month but down 98.57% year-on-year [1] - South Korea: 42.37 tons, up 6.12% month-on-month but down 99.28% year-on-year [1] - Canada: 28.34 tons, down 31.62% month-on-month and down 91.04% year-on-year [1] - Other countries: 26.64 tons, down 90.94% month-on-month and down 95.97% year-on-year [1] Summary - The total refined zinc imports for October 2025 were significantly lower compared to previous periods, indicating a potential shift in market dynamics and supply chain challenges [1]