Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK - 2024

Contents:

1. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK (CIF) - 2024
2. Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK (FOB) - 2022
3. Imports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK
4. Exports of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the UK (CIF) - 2024

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $8,213 per ton in November 2023, with an increase of 1.7% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 27% month-to-month. As a result, import price reached the peak level of $9,658 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.

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

From January 2023 to November 2023, the rate of growth in terms of prices for Indonesia amounted to +0.2% per month.

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

In 2022, the average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies amounted to $11,703 per ton, waning by -6.7% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $33,388 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($57,957 per ton), while the average price for exports to Bulgaria ($483 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 the Netherlands (+15.3%), 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 the UK

In 2022, overseas purchases of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies were finally on the rise to reach 43K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep slump.

In value terms, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies rose significantly to $399M in 2022. Overall, imports, however, showed a abrupt downturn.

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

1. Indonesia (38.5K tons)
2. Canada (2.1K tons)
3. Hungary (1.7K tons)

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

After three years of growth, shipments abroad of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies decreased by -73.6% to 98 tons in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 176%. As a result, the exports reached the peak of 370 tons, and then fell notably in the following year.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies dropped remarkably to $1.1M in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 171% against the previous year. As a result, the exports attained the peak of $4.6M, and then shrank remarkably in the following year.

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

1. Slovakia (34.3 tons)
2. Bulgaria (19.9 tons)
3. United Arab Emirates (7.5 tons)
4. China (4.7 tons)
5. Netherlands (4.4 tons)
6. United States (3.6 tons)
7. India (3.3 tons)
8. Sweden (3.0 tons)
9. Italy (2.6 tons)
10. Germany (2.3 tons)
11. Ireland (2.1 tons)
12. Romania (1.9 tons)

Source: IndexBox Market Intelligence Platform