Metals; Platinum, Semi-Manufactured Price in China - 2023

Contents:

1. Metals; Platinum, Semi-Manufactured Price in China (CIF) - 2023
2. Metals; Platinum, Semi-Manufactured Price in China (FOB) - 2022
3. Metals; Platinum, Semi-Manufactured Imports in China
4. Metals; Platinum, Semi-Manufactured Exports in China

Metals; Platinum, Semi-Manufactured Price in China (CIF) - 2023

The average metals; platinum, semi-manufactured import price stood at $30.4M per ton in September 2023, which is down by -7.4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 21% against the previous month. The import price peaked at $32.8M per ton in August 2023, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($68.6M per ton), while the price for Japan ($21.6M per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Price in China (FOB) - 2022

The average metals; platinum, semi-manufactured export price stood at $29,906,250 per ton in 2022, rising by 54% against the previous year. Overall, the export price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 646%. Over the period under review, the average export prices hit record highs at $49,637,779 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($45,184,500 per ton), while the average price for exports to Thailand ($13,556,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+258.9%), while the prices for the other major destinations experienced a decline.

Metals; Platinum, Semi-Manufactured Imports in China

In 2022, approx. 19 tons of metals; platinum, semi-manufactureds were imported into China; shrinking by -31.8% against 2021. In general, imports faced a abrupt setback. The smallest decline of -5.3% was in 2021.

In value terms, metals; platinum, semi-manufactured imports reduced remarkably to $497M in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year.

Top Suppliers of Metals; Platinum, Semi-Manufactured to China in 2022:

1. South Africa (10.5 tons)
2. Japan (5.8 tons)
3. United States (0.3 tons)
4. Russia (0.3 tons)

Metals; Platinum, Semi-Manufactured Exports in China

Metals; platinum, semi-manufactured exports from China surged to 4 kg in 2022, picking up by 33% against the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 7 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metals; platinum, semi-manufactured exports soared to $120K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,206%. As a result, the exports reached the peak of $189K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Metals; Platinum, Semi-Manufactured from China in 2022:

1. Belgium (2.0 kg)
2. United States (1.0 kg)
3. Thailand (1.0 kg)

Source: IndexBox Market Intelligence Platform