Price for Nickel Oxides and Hydroxides in Singapore - 2022

Contents:

1. Price for Nickel Oxides and Hydroxides in Singapore (FOB) - 2022
2. Price for Nickel Oxides and Hydroxides in Singapore (CIF) - 2022
3. Exports of Nickel Oxides and Hydroxides in Singapore
4. Imports of Nickel Oxides and Hydroxides in Singapore

Price for Nickel Oxides and Hydroxides in Singapore (FOB) - 2022

The average nickel oxides and hydroxides export price stood at $1,865 per ton in September 2022, shrinking by -92% against the previous month. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 254% month-to-month. The export price peaked at $23,258 per ton in August 2022, and then declined significantly in the following month.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was the Philippines ($5,085 per ton), while the average price for exports to China amounted to $1,800 per ton.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nickel Oxides and Hydroxides in Singapore (CIF) - 2022

The average nickel oxides and hydroxides import price stood at $8,013 per ton in 2022, dropping by -57% against the previous year. Overall, the import price faced a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 117%. Over the period under review, average import prices hit record highs at $23,516 per ton in 2012; however, from 2013 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 China ($17,219 per ton), while the price for Switzerland ($5,836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.1%), while the prices for the other major suppliers experienced a decline.

Exports of Nickel Oxides and Hydroxides in Singapore

For the fourth year in a row, Singapore recorded growth in overseas shipments of nickel oxides and hydroxideses, which increased by 1,390% to 1K tons in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 6,429% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel oxides and hydroxides exports surged to $8.5M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 7,720%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Nickel Oxides and Hydroxides from Singapore in 2022:

1. China (829.6 tons)
2. Taiwan (Chinese) (130.2 tons)
3. Philippines (54.3 tons)
4. Malaysia (4.9 tons)

Imports of Nickel Oxides and Hydroxides in Singapore

In 2022, nickel oxides and hydroxides imports into Singapore fell rapidly to 42 tons, shrinking by -34.1% against the previous year. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 937%. As a result, imports attained the peak of 64 tons, and then dropped significantly in the following year.

In value terms, nickel oxides and hydroxides imports reduced remarkably to $338K in 2022. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 2,153%. As a result, imports reached the peak of $1.2M, and then shrank dramatically in the following year.

Top Suppliers of Nickel Oxides and Hydroxides to Singapore in 2022:

1. Switzerland (25.6 tons)
2. Japan (11.6 tons)
3. China (4.8 tons)

Source: IndexBox Market Intelligence Platform