Nickel; Unwrought, Alloys Price in China - 2023
Contents:
- Nickel; Unwrought, Alloys Price in China (CIF) - 2023
- Nickel; Unwrought, Alloys Price in China (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in China
- Nickel; Unwrought, Alloys Exports in China
Nickel; Unwrought, Alloys Price in China (CIF) - 2023
The average nickel; unwrought, alloys import price stood at $16,662 per ton in June 2023, falling by -55.7% against the previous month. In general, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in April 2023 an increase of 59% against the previous month. Over the period under review, average import prices hit record highs at $37,633 per ton in May 2023, and then declined dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($36,452 per ton), while the price for South Korea ($3,511 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in China (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $6,696 per ton, reducing by -19.5% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,672 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -0.2% per year.
Nickel; Unwrought, Alloys Imports in China
Nickel; unwrought, alloys imports into China surged to 4.1K tons in 2022, increasing by 106% against 2021 figures. In general, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 108% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nickel; unwrought, alloys imports soared to $59M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Unwrought, Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 0.3 | 11.5 | 31.1 | 918.2% |
| Australia | 8.1 | 4.1 | 3.9 | 7.5 | -2.5% |
| Thailand | N/A | 0.1 | 3.7 | 5.0 | 607.1% |
| United States | 5.7 | 4.1 | 7.4 | 4.5 | -7.6% |
| Belgium | 2.2 | 2.1 | 3.0 | 4.4 | 26.0% |
| United Kingdom | 9.2 | 5.5 | 0.8 | 3.6 | -26.9% |
| Malaysia | N/A | 1.6 | 0.9 | 2.1 | 14.6% |
| Others | 0.7 | 2.0 | 0.5 | 0.9 | 8.7% |
| Total | 26.1 | 19.7 | 31.4 | 59.1 | 31.3% |
Top Suppliers of Nickel; Unwrought, Alloys to China in 2022:
- Japan (2835.3 tons)
- Thailand (421.0 tons)
- Australia (308.7 tons)
- Malaysia (225.4 tons)
- Belgium (110.4 tons)
- United Kingdom (55.3 tons)
- United States (52.7 tons)
Nickel; Unwrought, Alloys Exports in China
In 2022, overseas shipments of nickel; unwrought, alloyses increased by 63% to 52 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic setback.
In value terms, nickel; unwrought, alloys exports soared to $350K in 2022. Overall, exports, however, continue to indicate a sharp decrease.
| Export of Nickel; Unwrought, Alloys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
| Belgium | 6.9 | 2.9 | N/A | N/A | -58.0% |
| Sweden | 9.0 | 6.6 | N/A | N/A | -26.7% |
| Slovenia | 1.5 | 0.6 | N/A | N/A | -60.0% |
| Taiwan (Chinese) | 11.1 | 0.5 | 0.1 | N/A | -90.5% |
| Italy | N/A | 7.0 | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 28.9 | 17.7 | 0.3 | 0.4 | -76.0% |
Top Export Markets for Nickel; Unwrought, Alloys from China in 2022:
- United States (52.0 tons)
634
This report provides an in-depth analysis of the nickel market in China.
1200
This report provides an in-depth analysis of the global nickel market.
437
This report provides an in-depth analysis of the nickel market in China.
634
This report provides an in-depth analysis of the nickel market in China.
1145
This report provides an in-depth analysis of the global nickel market.
1200
This report provides an in-depth analysis of the global nickel market.
210
In February 2023, the price of nickel was $28,259 per ton (CIF, China), representing a 2.4% increase compared to the previous month.
278
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1220
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
887
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1022
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
1903
The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
210
In February 2023, the price of nickel was $28,259 per ton (CIF, China), representing a 2.4% increase compared to the previous month.
942
Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
278
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1220
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
