Price for Nickel; Waste and Scrap in China - 2023

Contents:

1. Price for Nickel; Waste and Scrap in China (FOB) - 2023
2. Price for Nickel; Waste and Scrap in China (CIF) - 2022
3. Exports of Nickel; Waste and Scrap in China
4. Imports of Nickel; Waste and Scrap in China

Price for Nickel; Waste and Scrap in China (FOB) - 2023

The average nickel; waste and scrap export price stood at $14,763 per ton in September 2023, increasing by 53% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $17,887 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the UK ($16,993 per ton), while the average price for exports to Singapore ($2,392 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel; Waste and Scrap in China (CIF) - 2022

In 2022, the average nickel; waste and scrap import price amounted to $5,420 per ton, approximately mirroring the previous year. Overall, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 15%. Over the period under review, average import prices reached the peak figure at $6,922 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for South Korea amounted to +13.1% per year.

Exports of Nickel; Waste and Scrap in China

Nickel; waste and scrap exports from China skyrocketed to 666 tons in 2022, with an increase of 375% on 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; waste and scrap exports surged to $9.6M in 2022. Overall, exports showed 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; Waste and Scrap from China in 2022:

1. United Kingdom (471.5 tons)
2. Japan (54.3 tons)
3. Germany (53.5 tons)
4. Australia (49.5 tons)
5. Singapore (37.7 tons)

Imports of Nickel; Waste and Scrap in China

In 2022, purchases abroad of nickel; waste and scraps decreased by 0% to 16 tons, falling for the second consecutive year after two years of growth. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by 9.6% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nickel; waste and scrap imports amounted to $89K in 2022. Over the period under review, imports saw a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. As a result, imports attained the peak of $9.4M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Nickel; Waste and Scrap to China in 2022:

1. Japan (16.4 tons)

Source: IndexBox Market Intelligence Platform