Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Exports in Hong Kong SAR
- Ferro-Alloys; Ferro-Nickel Imports in Hong Kong SAR
Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (FOB) - 2023
The average ferro-alloys; ferro-nickel export price stood at $3,975 per ton in March 2023, approximately mirroring the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of less than 0.1% m-o-m. The export price peaked at $3,990 per ton in January 2023; afterwards, it flattened through to March 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to March 2023, the rate of growth in terms of prices for China amounted to +0.6% per month.
Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $2,449 per ton, almost unchanged from the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2021 a decrease of less than 0.1% against the previous year. Over the period under review, average import prices hit record highs at $4,921 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($2,443 per ton), while the price for China stood at $1,530 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%).
Ferro-Alloys; Ferro-Nickel Exports in Hong Kong SAR
In 2022, the amount of ferro-alloys; ferro-nickels exported from Hong Kong SAR rose notably to 39 tons, with an increase of 9.6% on 2021. Over the period under review, exports, however, faced a significant contraction.
In value terms, ferro-alloys; ferro-nickel exports soared to $168K in 2022. Overall, exports, however, recorded a abrupt decrease.
| Export of Ferro-Alloys; Ferro-Nickel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 255 | 128 | 162 | -20.3% | |
| India | N/A | N/A | 4.8 | 0% | |
| Others | 1.7 | 0.1 | 0.6 | -40.6% | |
| Total | 256 | 128 | 168 | -19.0% | |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Hong Kong SAR in 2022:
- China (36.2 tons)
- India (2.5 tons)
Ferro-Alloys; Ferro-Nickel Imports in Hong Kong SAR
In 2022, the amount of ferro-alloys; ferro-nickels imported into Hong Kong SAR surged to 86 tons, rising by 50% on 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt slump.
In value terms, ferro-alloys; ferro-nickel imports surged to $212K in 2022. In general, imports, however, saw a abrupt downturn.
| Import of Ferro-Alloys; Ferro-Nickel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Colombia | 277 | 138 | 199 | -15.2% | |
| China | 3.5 | 1.7 | 2.1 | -22.5% | |
| Others | 2.0 | 1.1 | 10.1 | 124.7% | |
| Total | 282 | 141 | 212 | -13.3% | |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Hong Kong SAR in 2022:
- Colombia (81.6 tons)
- China (1.4 tons)
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