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In February 2023, China imported 352,911 mt of titanium concentrate, a month-on-month increase of 10.2%, and a year-on-year increase of 28.32%.
The monthly average price of Australian manganese lumps stood at 48.27 yuan/mtu, up 2.64% MoM, versus 45.47 yuan/mtu for Gabonese lumps, up 3.79% MoM, and 37.72 yuan/mtu for South African semi-carbonate manganese ore, up 3.65% MoM.
As of Friday March 17, the SMM Imported Copper Concentrate Index (weekly) stood at $75.58/mt, $0.71/mt lower than March 10. During the week, copper concentrate spot transactions were quite active. There were multiple spot transactions of clean ore between mines and smelters with TCs of $73-74/mt, scheduled for shipment mostly in May and the second quarter.
According to customs data, China imported 87,800 mt of nickel hydrometallurgy intermediate products in December 2022, down 13% from the previous month.
SMM estimates that China imported 41,000 mt of copper semis in February, up 78.3% month-on-month and 13.1% year-on-year. The imports are estimated to total 64,000 mt from January to February, down 19% year-on-year.