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

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Singapore (CIF) - 2023
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Singapore (FOB) - 2022
3. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Singapore
4. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Singapore

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in Singapore (CIF) - 2023

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $138K per ton in September 2022, shrinking by -9.5% against the previous month. In general, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in August 2022 an increase of 133% month-to-month. As a result, import price attained the peak level of $153K per ton, and then reduced in the following month.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to September 2022, the rate of growth in terms of prices for the United States amounted to +1.9% per month.

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

The average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $4,053 per ton in 2022, shrinking by -14.4% against the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 252%. As a result, the export price attained the peak level of $31,774 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($5,912 per ton), while the average price for exports to Malaysia ($3,836 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 China (-6.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -31.1% to 20 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 495%. As a result, imports attained the peak of 371 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies fell remarkably to $1.3M in 2022. In general, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 264% against the previous year. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (9.2 tons)
2. United States (7.8 tons)
3. South Korea (2.2 tons)
4. Malaysia (0.3 tons)

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

After three years of growth, overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -90.9% to 77 tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,500% against the previous year.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies contracted markedly to $313K in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 9,045% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Malaysia (74.1 tons)
2. Philippines (1.4 tons)
3. China (1.4 tons)

Source: IndexBox Market Intelligence Platform