Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines - 2024

Contents:

1. Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines (FOB) - 2024
2. Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines (CIF) - 2022
3. Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines
4. Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines

Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines (FOB) - 2024

In March 2024, the average export price for nickel; oxide sinters and other intermediate products of nickel metallurgies amounted to $6,844 per ton, almost unchanged from the previous month. In general, the export price, however, recorded a noticeable curtailment. The export price peaked at $12,022 per ton in March 2023; however, from April 2023 to March 2024, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From March 2023 to March 2024, the rate of growth in terms of prices for Japan amounted to -4.6% per month.

Price for Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines (CIF) - 2022

The average import price for nickel; oxide sinters and other intermediate products of nickel metallurgies stood at $10,863 per ton in 2022, jumping by 1,608% against the previous year. Overall, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +19.8% per year.

Exports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines

In 2022, overseas shipments of nickel; oxide sinters and other intermediate products of nickel metallurgies decreased by -5.5% to 57K tons, falling for the second year in a row after two years of growth. Overall, exports saw a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 4.5% against the previous year. As a result, the exports attained the peak of 65K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of nickel; oxide sinters and other intermediate products of nickel metallurgies surged to $650M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Japan (57.0K tons)

Imports of Nickel; Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines

In 2022, purchases abroad of nickel; oxide sinters and other intermediate products of nickel metallurgies decreased by -41.6% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a resilient increase.

In value terms, imports of nickel; oxide sinters and other intermediate products of nickel metallurgies soared to $17K in 2022. Overall, imports, however, showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (1.5 tons)

Source: IndexBox Market Intelligence Platform