Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China - 2024
Contents:
- Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (CIF) - 2024
- Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (FOB) - 2022
- Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
- Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (CIF) - 2024
In May 2024, the average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $3,759 per ton, increasing by 15% against the previous month. Over the period from May 2023 to May 2024, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in February 2024 when the average import price increased by 25% m-o-m. Over the period under review, average import prices hit record highs in May 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Papua New Guinea ($6,085 per ton), while the price for Turkey ($2,992 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (FOB) - 2022
In 2022, the average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $3,493 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 343%. As a result, the export price reached the peak level of $10,157 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +11.1% per year.
Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
For the fourth consecutive year, China recorded growth in supplies from abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies, which increased by 115% to 909K tons in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies soared to $4.5B in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 132 | N/A | 238 | 1,956 | 145.6% |
| Papua New Guinea | 551 | 488 | 646 | 768 | 11.7% |
| New Caledonia | 309 | 314 | 329 | 539 | 20.4% |
| Finland | 276 | 177 | 251 | 532 | 24.5% |
| Australia | N/A | 102 | 311 | 362 | 88.4% |
| Cuba | 131 | 143 | 152 | 168 | 8.6% |
| Turkey | 31.0 | 58.6 | 59.8 | 103 | 49.2% |
| Others | 3.8 | 4.2 | 9.5 | 33.7 | 107.0% |
| Total | 1,434 | 1,286 | 1,996 | 4,463 | 46.0% |
Top Suppliers of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to China in 2022:
- Indonesia (461.7K tons)
- Papua New Guinea (181.9K tons)
- New Caledonia (114.2K tons)
- Australia (66.4K tons)
- Finland (42.2K tons)
- Turkey (20.1K tons)
- Cuba (12.1K tons)
Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
After two years of decline, overseas shipments of nickel; oxide sinters and other intermediate products of nickel metallurgies decreased by 0% to 535 tons in 2022. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies totaled $1.9M in 2022. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 1.9 | 0% |
| Taiwan (Chinese) | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.2 | N/A | N/A | 1.9 | 111.8% |
Top Export Markets for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from China in 2022:
- Australia (534.8 tons)
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