节点：中游（冶炼、中间品）位置：中游情绪：利好参考度：6/10


据海关数据，2025 年 9 月，中国精炼镍进口量达 28,570.87 吨，环比增长 16.97%，同比大幅上升 397.76%。1 – 9 月累计进口量为 18.72 万吨，同比增加 202.5% 。

从进口来源国分析，变动主要源于俄罗斯与挪威。当月自俄罗斯进口精炼镍 19343.469 吨，环比涨幅高达 277.17% ；自挪威进口 3053.302 吨，环比下跌 74.98% 。

再看进口贸易方式，一般贸易方式进口量降至 10190.919 吨，保税监管场所进出境货物进口量升至 12961.224 吨，海关特殊监管区域物流货物流入量小幅增至 5118.819 吨。

2025 年 9 月中国精炼镍出口量为 14112.095 吨，环比减少 936 吨，降幅 6...

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