Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR - 2023

Contents:

1. Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2023
2. Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2023
3. Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR
4. Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for metals; iridium, osmium, ruthenium, unwrought or in powder forms amounted to $31.1M per ton, dropping by -29.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 182% against the previous month. As a result, import price reached the peak level of $44,180 per kg, and then declined sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($43.6M per ton), while the price for Japan ($12.0M per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2023

The average export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms stood at $24.4M per ton in November 2023, waning by -34.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 36% against the previous month. Over the period under review, the average export prices reached the peak figure at $37.2M per ton in October 2023, and then declined rapidly in the following month.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Japan ($66.2M per ton), while the average price for exports to India ($12.7M per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR

In 2022, overseas purchases of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -50.2% to 8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 100%.

In value terms, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms contracted rapidly to $276M in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. As a result, imports reached the peak of $368M, and then dropped significantly in the following year.

Top Suppliers of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form to Hong Kong SAR in 2022:

1. South Africa (4.3 tons)
2. Belgium (1.9 tons)
3. United States (1.0 tons)
4. Japan (0.4 tons)
5. United Kingdom (0.2 tons)
6. Russia (0.2 tons)

Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Hong Kong SAR

In 2022, shipments abroad of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -37.7% to 8.4 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 79%.

In value terms, exports of metals; iridium, osmium, ruthenium, unwrought or in powder forms fell notably to $268M in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 121%. As a result, the exports reached the peak of $374M, and then fell dramatically in the following year.

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form from Hong Kong SAR in 2022:

1. China (7.0 tons)
2. Japan (0.5 tons)
3. South Korea (0.4 tons)
4. India (0.2 tons)
5. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform