Sulphates; of Aluminium Price in China - 2023

Contents:

  1. Sulphates; of Aluminium Price in China (FOB) - 2023
  2. Sulphates; of Aluminium Price in China (CIF) - 2022
  3. Sulphates; of Aluminium Exports in China
  4. Sulphates; of Aluminium Imports in China

Sulphates; of Aluminium Price in China (FOB) - 2023

The average sulphates; of aluminium export price stood at $205 per ton in September 2023, growing by 25% against the previous month. Overall, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 42% against the previous month. Over the period under review, the average export prices reached the peak figure at $361 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Nepal ($963 per ton), while the average price for exports to Iraq ($95.0 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 Nepal (+17.1%), while the prices for the other major destinations experienced a decline.

Sulphates; of Aluminium Price in China (CIF) - 2022

The average sulphates; of aluminium import price stood at $875 per ton in 2022, with a decrease of -18.3% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2015 an increase of 55%. The import price peaked at $1,247 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,336 per ton), while the price for the Netherlands ($751 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Aluminium Exports in China

In 2022, shipments abroad of sulphates; of aluminia decreased by -24.6% to 87K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 8.2%. As a result, the exports attained the peak of 130K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphates; of aluminium exports fell notably to $27M in 2022. Overall, exports saw a abrupt slump. The smallest decline of -3.2% was in 2021.

Export of Sulphates; of Aluminium in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1.01.23.63.856.0%
Philippines2.67.64.12.5-1.3%
Zimbabwe2.32.02.82.52.8%
Brunei Darussalam1.40.91.21.2-5.0%
Vietnam0.41.12.81.140.1%
Pakistan0.70.53.51.012.6%
Angola1.60.40.40.8-20.6%
Myanmar0.31.21.00.838.7%
Japan2.71.00.50.7-36.2%
Mozambique0.62.90.80.60.0%
Peru0.10.1N/A0.681.7%
Papua New Guinea0.20.21.70.535.7%
Senegal0.81.90.10.4-20.6%
Others31.623.820.810.4-31.0%
Total46.344.743.326.8-16.7%

Top Export Markets for Sulphates; of Aluminium from China in 2022:

  1. Malaysia (6.8K tons)
  2. Brunei Darussalam (5.6K tons)
  3. Zimbabwe (5.3K tons)
  4. Pakistan (4.2K tons)
  5. Vietnam (3.5K tons)
  6. Philippines (3.4K tons)
  7. Japan (3.0K tons)
  8. Myanmar (2.8K tons)
  9. Angola (2.6K tons)
  10. Mozambique (2.2K tons)
  11. Peru (2.1K tons)
  12. Papua New Guinea (1.7K tons)
  13. Senegal (1.7K tons)

Sulphates; of Aluminium Imports in China

Sulphates; of aluminium imports into China declined markedly to 427 tons in 2022, waning by -16% against 2021 figures. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports attained the peak of 508 tons, and then dropped significantly in the following year.

In value terms, sulphates; of aluminium imports dropped dramatically to $373K in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.1% against the previous year.

Import of Sulphates; of Aluminium in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan358309282124-29.8%
Netherlands57.578.110197.319.2%
India3.442.93.038.9125.3%
South Korea0.72.98.616.2185.0%
Germany85.857.683.813.7-45.7%
Italy19.9N/A6.011.4-16.9%
Others30.226.659.571.333.2%
Total555518544373-12.4%

Top Suppliers of Sulphates; of Aluminium to China in 2022:

  1. Japan (140.7 tons)
  2. Netherlands (129.6 tons)
  3. India (34.3 tons)
  4. South Korea (17.2 tons)
  5. Germany (10.3 tons)
  6. Italy (9.2 tons)

Source: IndexBox Market Intelligence Platform

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