Price for Metals; Rhodium, Unwrought or in Powder Form in China - 2024

Contents:

1. Price for Metals; Rhodium, Unwrought or in Powder Form in China (CIF) - 2024
2. Price for Metals; Rhodium, Unwrought or in Powder Form in China (FOB) - 2022
3. Imports of Metals; Rhodium, Unwrought or in Powder Form in China
4. Exports of Metals; Rhodium, Unwrought or in Powder Form in China

Price for Metals; Rhodium, Unwrought or in Powder Form in China (CIF) - 2024

In May 2024, the average import price for metals; rhodium, unwrought or in powder forms amounted to $143M per ton, picking up by 4.8% against the previous month. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in January 2024 an increase of 21% m-o-m. Over the period under review, average import prices attained the peak figure at $317M per ton in May 2023; however, from June 2023 to May 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In May 2024, the highest price was recorded for prices from the UK ($152M per ton) and Italy ($152M per ton), while the price for Germany ($127M per ton) and Belgium ($134M per ton) were amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by the UK (-3.4%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Rhodium, Unwrought or in Powder Form in China (FOB) - 2022

The average export price for metals; rhodium, unwrought or in powder forms stood at $10,476,000 per ton in 2022, declining by -67.6% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 71%. The export price peaked at $40,118,612 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($18,718,000 per ton), while the average price for exports to Germany amounted to $2,234,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Metals; Rhodium, Unwrought or in Powder Form in China

Imports of metals; rhodium, unwrought or in powder forms into China dropped to 7.4 tons in 2022, waning by -10.7% against the previous year. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.6%.

In value terms, imports of metals; rhodium, unwrought or in powder forms contracted sharply to $2.8B in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 117%.

Top Suppliers of Metals; Rhodium, Unwrought or in Powder Form to China in 2022:

1. South Africa (2760.0 kg)
2. Russia (1737.0 kg)
3. Germany (1096.0 kg)
4. Belgium (551.0 kg)
5. United Kingdom (454.0 kg)
6. Japan (352.0 kg)
7. United States (221.0 kg)
8. Italy (178.0 kg)

Exports of Metals; Rhodium, Unwrought or in Powder Form in China

In 2022, approx. 2 kg of metals; rhodium, unwrought or in powder forms were exported from China; which is down by -75% against the previous year. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 300%. As a result, the exports reached the peak of 8 kg, and then plummeted in the following year.

In value terms, exports of metals; rhodium, unwrought or in powder forms fell dramatically to $21K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 585% against the previous year. As a result, the exports reached the peak of $259K, and then dropped remarkably in the following year.

Top Export Markets for Metals; Rhodium, Unwrought or in Powder Form from China in 2022:

1. United States (1.0 kg)
2. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform