Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore - 2023

Contents:

1. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore (CIF) - 2023
2. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore (FOB) - 2023
3. Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore
4. Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore (CIF) - 2023

In June 2023, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $5,938 per ton, almost unchanged from the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in August 2022 an increase of 33% m-o-m. The import price peaked at $6,443 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($22,348 per ton), while the price for Taiwan (Chinese) ($1,295 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore (FOB) - 2023

In June 2023, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $10,270 per ton, shrinking by -59.2% against the previous month. In general, the export price, however, saw mild growth. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 158% month-to-month. As a result, the export price attained the peak level of $25,153 per ton, and then declined remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($147K per ton), while the average price for exports to Vietnam ($4,607 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore

In 2022, overseas purchases of stainless steel, flat-rolled, width less than 600mm, cold-rolleds decreased by -17.6% to 4.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 71%. As a result, imports reached the peak of 6.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds expanded significantly to $21M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71%. As a result, imports reached the peak of $25M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Singapore in 2022:

1. China (1198.2 tons)
2. Taiwan (Chinese) (818.6 tons)
3. South Korea (626.5 tons)
4. Japan (504.0 tons)
5. Sweden (251.6 tons)
6. Germany (193.5 tons)
7. Malaysia (165.3 tons)
8. Romania (97.7 tons)

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Singapore

Exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from Singapore skyrocketed to 1.7K tons in 2022, increasing by 33% against the previous year. The total export volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds skyrocketed to $16M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Singapore in 2022:

1. Indonesia (674.4 tons)
2. Malaysia (384.7 tons)
3. Thailand (296.7 tons)
4. Vietnam (195.2 tons)
5. India (86.8 tons)

Source: IndexBox Market Intelligence Platform