Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxid

China Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide Export Price in September 2022

In September 2022, the lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide price amounted to $33.5 per kg (FOB, China), rising by 2.1% against the previous month. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in May 2022 an increase of 35% against the previous month. The export price peaked at $39.2 per kg in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was South Korea ($42.0 per kg), while the average price for exports to France ($9,382 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

China Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide Exports

In September 2022, overseas shipments of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide decreased by -0.8% to 15K tons, falling for the second consecutive month after five months of growth. The total export volume increased at an average monthly rate of +1.6% over the period from January 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in May 2022 with an increase of 16% m-o-m. Over the period under review, the exports of reached the peak figure at 18K tons in July 2022; however, from August 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide stood at $494M (IndexBox estimates) in September 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in May 2022 when exports increased by 56% month-to-month. Over the period under review, the exports of hit record highs at 644K tons in July 2022; however, from August 2022 to September 2022, the exports stood at a somewhat lower figure.

China Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide Exports by Country

South Korea (9.5K tons) was the main destination for exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide from China, accounting for a 64% share of total exports. Moreover, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide to South Korea exceeded the volume sent to the second major destination, Japan (3.4K tons), threefold. The third position in this ranking was held by the United States (458 tons), with a 3.1% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to South Korea stood at +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+2.4% per month) and the United States (+13.6% per month).

In value terms, South Korea ($397M) remains the key foreign market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide exports from China, comprising 80% of total exports. The second position in the ranking was held by Japan ($64M), with a 13% share of total exports. It was followed by the United States, with a 1.9% share.

From January 2022 to September 2022, the average monthly growth rate of value to South Korea amounted to +12.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+10.3% per month) and the United States (+12.4% per month).

Source: IndexBox Market Intelligence Platform