Price for Nickel; Bars, Rods, Profiles and Wire in Singapore - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Singapore (CIF) - 2023
- Price for Nickel; Bars, Rods, Profiles and Wire in Singapore (FOB) - 2023
- Imports of Nickel; Bars, Rods, Profiles and Wire in Singapore
- Exports of Nickel; Bars, Rods, Profiles and Wire in Singapore
Price for Nickel; Bars, Rods, Profiles and Wire in Singapore (CIF) - 2023
In September 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $50,410 per ton, growing by 112% against the previous month. In general, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($102K per ton), while the price for Indonesia ($2,772 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 China (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Singapore (FOB) - 2023
In September 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $49,382 per ton, with an increase of 11% against the previous month. Over the period from June 2022 to September 2022, it increased at an average monthly rate of +4.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Saudi Arabia ($391K per ton), while the average price for exports to Australia ($11,444 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 the United Arab Emirates (+179.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Singapore
In 2022, supplies from abroad of nickel; bars, rods, profiles and wires increased by 38% to 3.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable decrease.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $103M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 24.1 | 12.9 | 14.5 | 25.0 | 1.2% |
| Germany | 11.4 | 10.2 | 12.3 | 18.7 | 17.9% |
| Austria | 14.0 | 8.8 | 14.0 | 17.9 | 8.5% |
| United States | 19.6 | 15.0 | 9.6 | 9.4 | -21.7% |
| Australia | 3.0 | 0.8 | 0.5 | 7.0 | 32.6% |
| United Kingdom | 6.0 | 3.6 | 7.0 | 6.4 | 2.2% |
| China | 0.4 | 1.1 | 1.2 | 4.1 | 117.2% |
| France | 7.6 | 4.8 | 0.7 | 4.0 | -19.3% |
| Malaysia | 2.5 | 2.6 | 3.7 | 2.0 | -7.2% |
| Taiwan (Chinese) | 2.7 | 3.6 | 1.2 | 1.3 | -21.6% |
| Others | 10.3 | 1.4 | 1.9 | 7.1 | -11.7% |
| Total | 102 | 64.9 | 66.6 | 103 | 0.3% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Singapore in 2022:
- China (722.9 tons)
- Italy (674.4 tons)
- Austria (566.0 tons)
- Germany (489.7 tons)
- Australia (232.0 tons)
- United Kingdom (200.4 tons)
- United States (194.0 tons)
- France (107.3 tons)
- Malaysia (61.2 tons)
- Taiwan (Chinese) (33.2 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Singapore
In 2022, shipments abroad of nickel; bars, rods, profiles and wires was finally on the rise to reach 1.1K tons after two years of decline. In general, exports, however, showed a abrupt decrease.
In value terms, exports of nickel; bars, rods, profiles and wires surged to $30M in 2022. Overall, exports, however, recorded a abrupt slump.
| Export of Nickel; Bars, Rods, Profiles and Wire in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 20.2 | 8.0 | 8.6 | 9.1 | -23.3% |
| China | 5.7 | 2.5 | 3.1 | 5.9 | 1.2% |
| India | 1.2 | 1.0 | 1.3 | 3.8 | 46.8% |
| Malaysia | 5.9 | 3.3 | 3.5 | 3.4 | -16.8% |
| United States | 0.5 | 2.2 | 0.3 | 1.8 | 53.3% |
| Australia | 0.1 | 0.2 | 0.3 | 1.4 | 141.0% |
| United Arab Emirates | 0.1 | 1.1 | 0.8 | 1.0 | 115.4% |
| Taiwan (Chinese) | 0.1 | 7.2 | 0.1 | 0.1 | 0.0% |
| Others | 2.6 | 1.0 | 2.4 | 3.5 | 10.4% |
| Total | 36.2 | 26.4 | 20.4 | 30.1 | -6.0% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Singapore in 2022:
- Indonesia (391.5 tons)
- China (153.8 tons)
- Malaysia (133.0 tons)
- India (108.1 tons)
- Australia (74.7 tons)
- United States (57.5 tons)
- United Arab Emirates (48.2 tons)
- Taiwan (Chinese) (3.3 tons)
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