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

Contents:

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

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

The average import price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $12,714 per ton in 2022, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2015 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $23,320 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($27,196 per ton), while the price for China ($11,895 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United States (FOB) - 2024

The average export price for nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies stood at $3,514 per ton in December 2023, picking up by 21% against the previous month. In general, the export price, however, showed a noticeable setback. The pace of growth was the most pronounced in July 2023 an increase of 123% against the previous month. As a result, the export price reached the peak level of $9,999 per ton. From August 2023 to December 2023, the the average export prices remained at a lower figure.

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

From February 2023 to December 2023, the rate of growth in terms of prices for Canada amounted to +1.1% per month.

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

In 2022, imports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies into the United States surged to 915 tons, with an increase of 128% on the previous year. Overall, imports enjoyed a significant expansion. 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 skyrocketed to $12M 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.

Import of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.76.82.49.536.9%
United Kingdom0.80.50.21.933.4%
IndonesiaN/A0.10.90.241.4%
South Korea0.20.10.40.1-20.6%
Others0.1N/A0.1N/A0.0%
Total4.77.64.111.635.1%

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

  1. China (800.2 tons)
  2. United Kingdom (98.8 tons)
  3. Indonesia (11.8 tons)
  4. South Korea (2.5 tons)

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

In 2022, the amount of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies exported from the United States reduced rapidly to 1.8K tons, which is down by -29.8% on the previous year. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of 189%. As a result, the exports reached the peak of 2.5K tons, and then declined significantly in the following year.

In value terms, exports of nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgies shrank significantly to $8.5M in 2022. Over the period under review, exports faced a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year.

Export of Nickel Mattes; Nickel Oxide Sinters and Other Intermediate Products of Nickel Metallurgy in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada4.33.27.44.1-1.6%
Indonesia3.71.82.01.1-33.3%
Ireland0.60.60.71.122.4%
Mexico0.20.10.60.751.8%
United Kingdom8.61.40.20.1-77.3%
Others1.81.30.81.4-8.0%
Total19.28.511.78.5-23.8%

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

  1. Canada (1623.2 tons)
  2. Ireland (50.1 tons)
  3. Mexico (37.6 tons)
  4. Indonesia (15.4 tons)
  5. United Kingdom (5.6 tons)

Source: IndexBox Market Intelligence Platform

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