Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore (FOB) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore (CIF) - 2023
3. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore
4. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore (FOB) - 2023

In September 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $8,848 per ton, jumping by 17% against the previous month. Over the period from June 2022 to September 2022, it increased at an average monthly rate of +8.1%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 20% m-o-m. The export price peaked in September 2022.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Hong Kong SAR ($28,348 per ton), while the average price for exports to Indonesia ($1,574 per ton) was amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $12,270 per ton in September 2022, with a decrease of -39.9% against the previous month. Over the period under review, the import price saw a perceptible contraction. The pace of growth was the most pronounced in August 2022 when the average import price increased by 171% m-o-m. As a result, import price attained the peak level of $20,414 per ton, and then shrank rapidly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($32,863 per ton), while the price for China ($1,902 per ton) was amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Sweden (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore

In 2022, exports of alloy steel flat-rolled products, of a width of less than 600mms from Singapore soared to 17K tons, rising by 52% on 2021. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms skyrocketed to $76M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Singapore in 2022:

1. Malaysia (3.0K tons)
2. Egypt (2.5K tons)
3. China (2.3K tons)
4. India (2.2K tons)
5. New Zealand (1.8K tons)
6. Israel (1.3K tons)
7. Australia (1.0K tons)
8. Sri Lanka (0.7K tons)
9. Hong Kong SAR (0.6K tons)
10. Indonesia (0.5K tons)
11. Myanmar (0.1K tons)

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Singapore

Imports of alloy steel flat-rolled products, of a width of less than 600mms into Singapore surged to 6.8K tons in 2022, picking up by 24% against the previous year's figure. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms soared to $64M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Singapore in 2022:

1. China (2494.9 tons)
2. Japan (2428.9 tons)
3. Sweden (623.0 tons)
4. Germany (483.3 tons)
5. Vietnam (141.3 tons)
6. Russia (131.3 tons)
7. United Kingdom (102.8 tons)
8. Malaysia (72.8 tons)
9. Turkey (6.2 tons)

Source: IndexBox Market Intelligence Platform