Price for Metals; Platinum, Unwrought or in Powder Form in China - 2023

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in China (CIF) - 2023
2. Price for Metals; Platinum, Unwrought or in Powder Form in China (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in China
4. Exports of Metals; Platinum, Unwrought or in Powder Form in China

Price for Metals; Platinum, Unwrought or in Powder Form in China (CIF) - 2023

In December 2023, the average import price for metals; platinum, unwrought or in powder forms amounted to $42.3M per ton, growing by 10% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in November 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs in December 2023.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($48.3M per ton), while the price for the United States ($4.0M per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Africa (+3.5%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Platinum, Unwrought or in Powder Form in China (FOB) - 2022

The average export price for metals; platinum, unwrought or in powder forms stood at $39.5M per ton in April 2021, therefore, remained relatively stable against the previous month. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level of $39,520 per kg, leveling off in the following month.

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

From March 2021 to April 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to -0.1% per month.

Imports of Metals; Platinum, Unwrought or in Powder Form in China

In 2022, after three years of growth, there was significant decline in overseas purchases of metals; platinum, unwrought or in powder forms, when their volume decreased by -21.1% to 67 tons. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year.

In value terms, imports of metals; platinum, unwrought or in powder forms fell rapidly to $2.1B in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports reached the peak of $3.1B, and then fell remarkably in the following year.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to China in 2022:

1. South Africa (42.4 tons)
2. Russia (8.7 tons)
3. Japan (6.9 tons)
4. Switzerland (4.9 tons)
5. Germany (1.6 tons)
6. Hong Kong SAR (1.0 tons)

Exports of Metals; Platinum, Unwrought or in Powder Form in China

In 2022, exports of metals; platinum, unwrought or in powder forms from China skyrocketed to 1.8 tons, growing by 732% compared with the year before. Overall, exports, however, saw a pronounced descent.

In value terms, exports of metals; platinum, unwrought or in powder forms skyrocketed to $58M in 2022. In general, exports continue to indicate a relatively flat trend pattern.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from China in 2022:

1. Switzerland (1220.0 kg)
2. Hong Kong SAR (480.0 kg)
3. Thailand (31.0 kg)

Source: IndexBox Market Intelligence Platform