Price for Cyanides and Cyanide Oxides; Other than of Sodium in Singapore - 2022

Contents:

1. Price for Cyanides and Cyanide Oxides; Other than of Sodium in Singapore (FOB) - 2022
2. Price for Cyanides and Cyanide Oxides; Other than of Sodium in Singapore (CIF) - 2022
3. Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Singapore
4. Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Singapore

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Singapore (FOB) - 2022

The average export price for cyanides and cyanide oxides; other than of sodia stood at $437K per ton in September 2022, dropping by -6.8% against the previous month. In general, the export price, however, showed a perceptible expansion. The pace of growth was the most pronounced in July 2022 when the average export price increased by 189% m-o-m. The export price peaked at $782K per ton in January 2022; however, from February 2022 to September 2022, the export prices remained at a lower figure.

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

From September 2021 to September 2022, the rate of growth in terms of prices for Malaysia amounted to +0.2% per month.

Price for Cyanides and Cyanide Oxides; Other than of Sodium in Singapore (CIF) - 2022

In 2022, the average import price for cyanides and cyanide oxides; other than of sodia amounted to $7,756 per ton, growing by 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. Over the period under review, average import prices hit record highs at $7,769 per ton in 2017; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($17,265 per ton), while the price for Malaysia ($3,599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%), while the prices for the other major suppliers experienced a decline.

Exports of Cyanides and Cyanide Oxides; Other than of Sodium in Singapore

For the third year in a row, Singapore recorded decline in overseas shipments of cyanides and cyanide oxides; other than of sodia, which decreased by -14.9% to 9.8 tons in 2022. In general, exports continue to indicate a deep reduction. The smallest decline of -8.4% was in 2020.

In value terms, exports of cyanides and cyanide oxides; other than of sodia shrank slightly to $3.3M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 444% against the previous year.

Top Export Markets for Cyanides and Cyanide Oxides; Other than of Sodium from Singapore in 2022:

1. Malaysia (8.8 tons)
2. India (1.1 tons)

Imports of Cyanides and Cyanide Oxides; Other than of Sodium in Singapore

Imports of cyanides and cyanide oxides; other than of sodia into Singapore shrank significantly to 18 tons in 2022, waning by -43.4% compared with the year before. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 135%. As a result, imports attained the peak of 32 tons, and then shrank dramatically in the following year.

In value terms, imports of cyanides and cyanide oxides; other than of sodia shrank remarkably to $142K in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 142%.

Top Suppliers of Cyanides and Cyanide Oxides; Other than of Sodium to Singapore in 2022:

1. Germany (13.6 tons)
2. South Korea (3.6 tons)
3. Japan (0.8 tons)
4. Malaysia (0.3 tons)
5. Czech Republic (0.1 tons)

Source: IndexBox Market Intelligence Platform