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]

Group 1 - In September 2025, China's refined nickel imports reached 28,570.87 tons, a month-on-month increase of 16.97% and a year-on-year increase of 397.76% [1] - From January to September 2025, the cumulative import of refined nickel in China was 187,200 tons, representing a year-on-year increase of 202.5% [1] - The main sources of refined nickel imports were Russia and Norway, with imports from Russia at 19,343.469 tons (up 277.17% month-on-month) and from Norway at 3,053.302 tons (down 74.98% month-on-month) [1] Group 2 - In September 2025, China's refined nickel exports totaled 14,112.095 tons, a decrease of 936 tons (6.22%) month-on-month, but an increase of 3,807 tons (36.94%) year-on-year [1] - From January to September 2025, the cumulative export of refined nickel was 133,437.048 tons, a year-on-year increase of 52,112 tons (64.08%) [1] - Major export destinations for refined nickel included Taiwan (6,580.551 tons, 47%), Singapore (3,630.849 tons, 26%), and South Korea (2,604.855 tons, 18%) [1] Group 3 - In September 2025, China's net imports of refined nickel were 14,458.775 tons, showing a significant increase compared to the previous month [2]

Import Data - In July 2025, China's refined nickel imports reached 38,234.015 tons, representing a month-on-month increase of 122.09% and a year-on-year increase of 744.03% [1] - From January to July 2025, the cumulative import volume of refined nickel was 132,829.17 tons, an increase of 86,911 tons year-on-year, with a growth rate of 189.27% [1] - The primary sources of this increase were Russia, Finland, and Indonesia, with a significant amount of domestic nickel plates being exported back but remaining in bonded zones [1] Export Data - In July 2025, China's refined nickel exports totaled 15,545.572 tons, a month-on-month increase of 5,403 tons, or 53.27%, and a year-on-year increase of 515 tons, or 3.43% [3] - From January to July 2025, the cumulative export volume of refined nickel was 104,276.609 tons, which is an increase of 45,752 tons year-on-year, with a growth rate of 78.18% [3] - The main export destinations for domestic refined nickel were South Korea and Singapore, with July exports to South Korea accounting for 6,294.887 tons (69%) and to Singapore 2,053.822 tons (14%) [3] - The net import of refined nickel in July was 22,688 tons [3]