Aluminium and Titanium Prices in China
China Aluminium and Titanium Import Price in September 2022
In September 2022, the aluminium and titanium price amounted to $2,313 per ton (CIF, China), with a decrease of -2.9% against the previous month. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 6.1% month-to-month. The import price peaked at $2,892 per ton in April 2022; however, from May 2022 to September 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the highest price was recorded for prices from the United Arab Emirates ($2,830 per ton) and Australia ($2,682 per ton), while the price for Thailand ($2,073 per ton) and Nigeria ($2,076 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the prices for the other major suppliers experienced a decline.
China Aluminium and Titanium Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was titanium sponge, powders, ingots and slabs ($17.1 per kg), while the price for aluminum amounted to $2,283 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by titanium (+8.7%).
China Aluminium and Titanium Imports
In September 2022, the amount of aluminium and titanium imported into China totaled 165K tons, surging by 3.7% against the month before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 45% month-to-month. Imports peaked in September 2022.
In value terms, aluminium and titanium imports totaled $382M (IndexBox estimates) in September 2022. Over the period under review, imports, however, saw a mild setback. The pace of growth was the most pronounced in March 2022 when imports increased by 53% against the previous month. As a result, imports attained the peak of $461M. From April 2022 to September 2022, the growth of imports failed to regain momentum.
China Aluminium and Titanium Imports by Type
In September 2022, aluminum (165K tons) was the main type of aluminium and titanium supplied to China, accounting for a 100% share of total imports. It was followed by titanium sponge, powders, ingots and slabs (326 tons), with a 0.2% share of total imports.
From January 2022 to September 2022, the average monthly growth rate of the volume of import of aluminum was relatively modest.
In value terms, aluminum ($376M) constituted the largest type of aluminium and titanium supplied to China, comprising 99% of total imports. The second position in the ranking was taken by titanium sponge, powders, ingots and slabs ($5.6M), with a 1.5% share of total imports.
China Aluminium and Titanium Imports by Country
Russia (50K tons), Malaysia (37K tons) and Thailand (10K tons) were the main suppliers of aluminium and titanium imports to China, with a combined 59% share of total imports. South Korea, Vietnam, India, Iran, the United Arab Emirates, Indonesia, Nigeria and Australia lagged somewhat behind, together comprising a further 28%.
From January 2022 to September 2022, the biggest increases were in Iran (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest aluminium and titanium suppliers to China were Russia ($118M), Malaysia ($82M) and Thailand ($21M), together comprising 58% of total imports. These countries were followed by South Korea, the United Arab Emirates, Vietnam, India, Iran, Indonesia, Australia and Nigeria, which together accounted for a further 28%.
Iran, with a CAGR of +20.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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