Sulphates; of Nickel Price in China - 2023
Contents:
- Sulphates; of Nickel Price in China (CIF) - 2023
- Sulphates; of Nickel Price in China (FOB) - 2023
- Sulphates; of Nickel Imports in China
- Sulphates; of Nickel Exports in China
Sulphates; of Nickel Price in China (CIF) - 2023
The average sulphates; of nickel import price stood at $4,085 per ton in June 2023, with a decrease of -21.5% against the previous month. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 16% m-o-m. The import price peaked at $7,086 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($5,758 per ton), while the price for South Korea ($3,708 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 Finland (-0.9%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Nickel Price in China (FOB) - 2023
In June 2023, the average sulphates; of nickel export price amounted to $4,737 per ton, with a decrease of -7.8% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 72% against the previous month. As a result, the export price reached the peak level of $7,598 per ton. From August 2022 to June 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From June 2022 to June 2023, the rate of growth in terms of prices for South Korea amounted to -6.1% per month.
Sulphates; of Nickel Imports in China
Sulphates; of nickel imports into China soared to 56K tons in 2022, growing by 25% on 2021 figures. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 701%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sulphates; of nickel imports skyrocketed to $300M in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,016%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Sulphates; of Nickel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.4 | 1.4 | 14.4 | 155 | 380.2% |
| Australia | N/A | N/A | 0.1 | 70.7 | 70600.0% |
| South Korea | 0.9 | 0.5 | 90.4 | 34.8 | 238.2% |
| South Africa | 2.0 | 8.0 | 39.4 | 24.4 | 130.2% |
| Taiwan (Chinese) | 5.7 | N/A | N/A | N/A | 0% |
| Others | 4.6 | 7.3 | 48.2 | 15.1 | 48.6% |
| Total | 14.7 | 17.2 | 193 | 300 | 173.3% |
Top Suppliers of Sulphates; of Nickel to China in 2022:
- Finland (29.9K tons)
- Australia (11.3K tons)
- South Korea (7.0K tons)
- South Africa (5.0K tons)
Sulphates; of Nickel Exports in China
In 2022, overseas shipments of sulphates; of nickels decreased by -19.4% to 362 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 5.7%. As a result, the exports reached the peak of 680 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sulphates; of nickel exports declined to $2.1M in 2022. In general, exports showed a deep contraction.
| Export of Sulphates; of Nickel in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.1 | 0.9 | N/A | 1,706 | 2474.3% |
| Singapore | 861 | 1,021 | 649 | 101 | -51.0% |
| Bangladesh | 182 | 64.3 | 124 | 69.0 | -27.6% |
| Vietnam | 478 | 401 | 204 | 37.7 | -57.1% |
| Thailand | 198 | 270 | 603 | 25.8 | -49.3% |
| Malaysia | 237 | 120 | 27.0 | 5.9 | -70.8% |
| Hong Kong SAR | 476 | N/A | N/A | N/A | 0% |
| Others | 274 | 632 | 618 | 122 | -23.6% |
| Total | 2,706 | 2,510 | 2,225 | 2,069 | -8.6% |
Top Export Markets for Sulphates; of Nickel from China in 2022:
- South Korea (302.0 tons)
- Singapore (14.0 tons)
- Bangladesh (9.0 tons)
- Vietnam (6.6 tons)
- Thailand (5.3 tons)
- Malaysia (0.8 tons)
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