Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia - 2023

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (FOB) - 2022
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (CIF) - 2022
3. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia
4. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (FOB) - 2022

In 2022, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $7,808 per ton, growing by 43% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 105%. As a result, the export price reached the peak level of $10,484 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($22,041 per ton), while the average price for exports to China ($5,952 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 South Korea (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia (CIF) - 2022

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $11,741 per ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 204%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($11,748 per ton), while the price for the UK stood at $11,730 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia

After three years of growth, shipments abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -19.8% to 83K tons in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 125% against the previous year.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies soared to $650M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 143% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from Australia in 2022:

1. China (69.4K tons)
2. Japan (7.0K tons)
3. Norway (6.9K tons)

Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Australia

After two years of decline, supplies from abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by 0% to 266 kg in 2022. In general, imports saw a dramatic contraction. The smallest decline of 99.9% was in 2020.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $3.1K in 2022. Overall, imports recorded a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to Australia in 2022:

1. Finland (155.0 kg)
2. United Kingdom (111.0 kg)

Source: IndexBox Market Intelligence Platform