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Indonesia stays China’s second-biggest nickel ore supplier despite export ban

Mark White by Mark White
August 28, 2021
in Suppliers
0


* China imported 3.4 mln T Indonesian nickel ore in 2020 -customs

* Indonesia had banned exports of nickel ore from start of last yr

* Material may be exported from Indonesia as iron ore – analysts

Jan 20 (Reuters) – Indonesia remained China’s second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country’s ban on exports of the material.

Arrivals of Indonesian nickel ore into China totalled 3.4 million tonnes last year, the General Administration of Customs reported. That was down 85.8% from 2019 but still second only to the Philippines at 31.98 million tonnes, and ahead of New Caledonia in third.

Indonesian shipments were 1.98 million tonnes in January and February combined, likely the last cargoes to depart Indonesia before the ban came into force on Jan. 1, 2020, although some may have been delayed by coronavirus curbs.

The data then shows a trickle of Indonesian nickel ore imports in every subsequent month of last year, including 78,245 tonnes for December.

Data from Indonesia, which enacted the ban to force more ore domestic ore processing, shows zero nickel ore exports to China for January to November.

China’s customs administration and an Indonesian mining ministry official did not provide an explanation but some analysts believe the answer may lie in material being exported as iron ore but imported into China as nickel ore.

These shipments typically consist of ore that has only around 1% nickel content but over 50% iron, so is iron ore as far as the Indonesia government is concerned, CRU analyst Ellie Wang said.

Some stainless steel firms in China then declare it as nickel ore at customs, she adds. “They can mix the ore with some other grade, then produce low-grade nickel pig iron,” which is used to make stainless steel, Wang said.

BMO analyst Colin Hamilton concurred such an arrangement is “certainly a potential workaround” given high iron ore prices.

“We always used to add some reported nickel ore to full-year iron ore import numbers – particularly from the Philippines but it’s entirely possible from Indonesia as well,” he added.

In 2020, China’s imports of nickel pig iron from Indonesia, which can still be exported, rose 100.9% year-on-year to 2.73 million tonnes. (Reporting by Tom Daly and Emily Chow; Additional reporting by Shivani Singh, Mai Nguyen and Fransiska Nangoy; Editing by Christian Schmollinger)



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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