Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China - 2024
Contents:
- Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (CIF) - 2024
- Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (FOB) - 2022
- Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
- Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (CIF) - 2024
The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $3,808 per ton in December 2023, picking up by 6.8% against the previous month. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in May 2023 an increase of 23% month-to-month. Over the period under review, average import prices hit record highs at $6,001 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($4,256 per ton), while the price for Papua New Guinea ($2,179 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by New Caledonia (-2.9%), while the prices for the other major suppliers experienced a decline.
Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (FOB) - 2022
The average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $14,249 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 343% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($18,111 per ton), while the average price for exports to Australia amounted to $3,493 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
In 2022, the amount of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies imported into China skyrocketed to 1.1M tons, rising by 150% compared with 2021. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $6.9B in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 132 | N/A | 238 | 4,361 | 220.9% |
| Papua New Guinea | 551 | 488 | 646 | 768 | 11.7% |
| New Caledonia | 309 | 314 | 329 | 539 | 20.4% |
| Finland | 328 | 189 | 251 | 532 | 17.5% |
| Australia | N/A | 129 | 363 | 413 | 78.9% |
| Cuba | 131 | 143 | 152 | 168 | 8.6% |
| Turkey | 31.8 | 59.0 | 60.2 | 104 | 48.4% |
| Others | 89.6 | 63.7 | 107 | 56.1 | -14.5% |
| Total | 1,572 | 1,385 | 2,147 | 6,941 | 64.1% |
Top Suppliers of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy to China in 2022:
- Indonesia (638.7K tons)
- Papua New Guinea (181.9K tons)
- New Caledonia (114.2K tons)
- Australia (69.4K tons)
- Finland (42.2K tons)
- Turkey (20.2K tons)
- Cuba (12.1K tons)
Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China
In 2022, overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by 0% to 2K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $29M in 2022. Over the period under review, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | N/A | 26.8 | 0% |
| Australia | N/A | N/A | N/A | 1.9 | 0% |
| Others | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Total | 0.2 | N/A | N/A | 29.0 | 425.4% |
Top Export Markets for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy from China in 2022:
- Norway (1480.1 tons)
- Australia (534.8 tons)
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