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

Contents:

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

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the Philippines (FOB) - 2023

The average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $8,209 per ton in October 2023, declining by -3% against the previous month. In general, the export price showed a pronounced downturn. The growth pace was the most rapid in January 2023 an increase of 7% month-to-month. The export price peaked at $12,022 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From December 2022 to October 2023, the rate of growth in terms of prices for Japan amounted to -3.1% per month.

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

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $13,133 per ton in 2022, with an increase of 13% against the previous year. In general, the import price showed a remarkable increase. The import price peaked at $18,500 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +23.7% per year.

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

In 2022, overseas shipments of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -5.5% to 57K tons, falling for the second year in a row after two years of growth. Overall, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 4.5%. As a result, the exports attained the peak of 65K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies surged to $650M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Japan (57.0K tons)

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

Imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies into the Philippines surged to 1.3 tons in 2022, rising by 706% compared with 2021. In general, imports continue to indicate a significant increase. 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 $17K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (1273.0 kg)

Source: IndexBox Market Intelligence Platform