2025 Indonesia Nickel Mattes (HS 750110) Export: Volatile Trade

Key Takeaways

Nickel Mattes, classified under HS Code 750110 (Nickel; nickel mattes), exhibited pronounced volatility from January to October 2025.

• Market Pulse: Export volumes swung sharply, peaking at 25.45M kg in September after a 62% July surge, but dropped 37% in February, reflecting unstable trade flows.
• Structural Shift: Indonesia Nickel Mattes Export reliance on CHINA MAINLAND (53.83% of value) and Japan (46.15%) creates concentration risk, with demand tied to bulk industrial processing.
• Product Logic: HS Code 750110 trade data shows 89% of exports are commoditized nickel mattes, with uniform pricing ($9.6/kg), confirming a volume-driven, low-margin market.

This overview covers the period from January to October 2025 and is based on verified customs data from the yTrade database.

Indonesia Nickel Mattes (HS Code 750110) Key Metrics Trend

Market Trend Summary

The Indonesia Nickel Mattes Export trend from January to October 2025 showed pronounced volatility, with shipments measured by weight swinging between 15.25M kg and 25.45M kg. Exports opened strongly in January at 24.35M kg, plummeted 37% in February, then surged over 50% in March. After a mid-year lull, volume jumped 62% in July to 24.73M kg and peaked at 25.45M kg in September, demonstrating recurrent volatility rather than a steady directional trend.

Drivers & Industry Context

This volatility aligns with Indonesia's downstreaming policy shifts, particularly [Permendag 8/2025] which revised prohibited export lists to favor processed minerals like nickel mattes. The sustained export volume despite fluctuations reflects maintained demand from China's stainless steel sector, with the hs code 750110 value reaching $451.30M in November 2024 pre-regulation. Subsequent policies like MOT Reg 9/2025 further prioritized processed mineral exports, supporting the resilience in shipment volumes even as month-to-month weights varied significantly (ARMA Law).

Table: Indonesia Nickel Mattes Export Trend (Source: yTrade)

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Indonesia HS Code 750110 Export Breakdown

Market Composition & Top Categories

The dominant sub-code, Nickel; nickel mattes, accounts for 89% of the export value for Indonesia HS Code 750110 Export. According to yTrade data, this category also represents 89% of the weight shipped throughout the first ten months of 2025. The remaining exports consist of similar nickel mattes products with a minor 11% value share.

Value Chain & Strategic Insights

Unit prices are tightly clustered around $9.6 per kg, showing minimal variation in this HS Code 750110 breakdown. This uniformity confirms a commodity market where trade is price-sensitive and driven by bulk volume rather than quality or processing stage. For Indonesia's exports, the trade structure is optimized for high-volume, low-margin transactions typical of raw materials.

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Indonesia Nickel Mattes Destination Countries

Geographic Concentration & Market Risk

Indonesia's Nickel Mattes exports from January to October 2025 show extreme reliance on CHINA MAINLAND, which accounts for 53.83% of total export value. This high concentration in Indonesia Nickel Mattes export destinations introduces significant market risk, as any demand shift in China could destabilize trade flows. Japan follows as a secondary partner with 46.15% value share, indicating a near-duopoly in key markets. No domestic or self-referential exports are present, confirming all flows are outward to foreign buyers.

Purchasing Behavior & Demand Segmentation

CHINA MAINLAND's nearly identical value and weight ratios (53.83 vs. 54.50) reveal a commodity-driven market where price and volume move in lockstep, typical for bulk industrial processing. The higher frequency ratio (59.47) suggests consistent, regular shipments rather than fragmented retail demand. For trade partners of Nickel Mattes, this pattern indicates volume scale opportunities over margin potential, aligning with price-sensitive bulk purchasing behavior.

Table: Indonesia Nickel Mattes (HS Code 750110) Top Destination Countries (Source: yTrade)

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Indonesia Nickel Mattes Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, the Indonesia Nickel Mattes export market from January to October 2025 is overwhelmingly concentrated among high-value, high-frequency buyers, who represent 96.52% of the total export value. This dominance by key accounts like VALE CANADA LIMITED and Jinchuan Group points to a stable, contract-based supply chain where loyal repeaters drive consistent transactions. The structure reveals that Indonesia Nickel Mattes buyers are primarily integrated processors or large-scale consumers, not fragmented spot traders.

Purchasing Behavior & Sales Strategy

The high volume and regularity of orders from these key accounts indicate deep supply chain integration, with purchases likely tied to production schedules rather than market speculation. Sellers should prioritize relationship management and long-term contracts to secure this core segment, while monitoring concentration risk due to heavy reliance on a few buyers. Regulatory shifts supporting downstream processing, as seen in Permendag 8/2025 [Permitindo], align with HS Code 750110 buyer trends, emphasizing the need for compliance and reliability in partnerships.

Table: Indonesia Nickel Mattes (HS Code 750110) Top Buyers List (Source: yTrade)

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Action Plan for Nickel Mattes Market Operation and Expansion

• Diversify buyer base: Reduce reliance on top clients like VALE CANADA LIMITED and Jinchuan Group (96.52% of export value) by targeting mid-tier processors in emerging markets.
• Lock in long-term contracts: Counter volatility (15.25M–25.45M kg monthly swings) with fixed-volume agreements tied to production cycles, leveraging Permendag 8/2025 incentives.
• Optimize logistics costs: Bulk shipments to China and Japan (99.98% of exports) should prioritize freight efficiency, given the commodity’s price-sensitive margins.
• Monitor regulatory shifts: Track downstreaming policies like MOT Reg 9/2025 to preempt export rule changes affecting nickel mattes’ classification or quotas.
• Audit concentration risk: Develop contingency plans for demand shocks in China, such as redirecting inventory to Japan or Southeast Asian smelters.

Take Action Now —— Explore Indonesia Nickel Mattes HS Code 750110 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Indonesia Nickel Mattes Export in 2025?

The volatility in Indonesia's Nickel Mattes exports is driven by policy shifts favoring processed minerals, like Permendag 8/2025, alongside fluctuating demand from China's stainless steel sector. Shipments swung between 15.25M kg and 25.45M kg monthly, reflecting recurrent instability rather than steady growth.

Q2. Who are the main destination countries of Indonesia Nickel Mattes (HS Code 750110) in 2025?

China dominates with 53.83% of export value, followed by Japan at 46.15%. This near-duopoly highlights extreme geographic concentration, with no domestic or diversified trade flows.

Q3. Why does the unit price differ across destination countries of Indonesia Nickel Mattes Export in 2025?

Unit prices are uniformly clustered around $9.6 per kg, showing minimal variation. The commodity nature of Nickel Mattes results in price sensitivity tied to bulk volume, not quality or destination-specific factors.

Q4. What should exporters in Indonesia focus on in the current Nickel Mattes export market?

Exporters must prioritize long-term contracts with high-value, high-frequency buyers like VALE CANADA LIMITED, while mitigating risks from over-reliance on China. Compliance with downstreaming policies (e.g., Permendag 8/2025) is critical.

Q5. What does this Indonesia Nickel Mattes export pattern mean for buyers in partner countries?

Buyers benefit from stable, bulk-driven supply chains but face concentration risks. China’s consistent shipments (59.47% frequency ratio) indicate reliable volume, though price sensitivity limits margin opportunities.

Q6. How is Nickel Mattes typically used in this trade flow?

Nickel Mattes are primarily used as raw material for industrial processing, notably in China’s stainless steel production, aligning with bulk, commodity-driven trade patterns.

Detailed Monthly and Quarterly Report

Indonesia HS Code 750110 Export Data Snapshot 2025 JAN

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