Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland - 2023

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland (CIF) - 2023
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland (FOB) - 2023
3. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland
4. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland (CIF) - 2023

In November 2023, the average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $13,105 per ton, declining by -6.9% against the previous month. Over the period under review, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in March 2023 an increase of 14% against the previous month. As a result, import price reached the peak level of $18,141 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From December 2022 to November 2023, the rate of growth in terms of prices for Russia amounted to -1.7% per month.

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland (FOB) - 2023

In November 2023, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $11,216 per ton, falling by -5.6% against the previous month. Overall, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in June 2023 an increase of 12% against the previous month. Over the period under review, the average export prices reached the maximum at $16,978 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was Norway ($11,419 per ton), while the average price for exports to Canada ($11,010 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland

In 2022, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies into Finland surged to 107K tons, with an increase of 21% on 2021 figures. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $1.8B in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Finland in 2022:

1. Russia (106.8K tons)

Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Finland

In 2022, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies from Finland soared to 49K tons, jumping by 37% on 2021 figures. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $742M in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Finland in 2022:

1. Norway (17.3K tons)
2. France (16.1K tons)
3. Japan (11.6K tons)
4. Canada (3.7K tons)

Source: IndexBox Market Intelligence Platform