September was characterized by more significant interest rate hikes to combat inflation in major economies as central banks became increasingly concerned by the possibility of a global economic recession in 2023. Copper prices were the most revised down for each year through to 2026, while cobalt prices for 2024-2025 were significantly bumped up. Despite tight market fundamentals, with most industrial metals output constrained by high energy prices, consensus price forecasts for the remaining months of 2022 and for 2023 were downgraded as demand concerns carried sway. dollar spiked as the Federal Reserve tightened its monetary policy, weighing on precious metals prices. In September, macroeconomic news of inflation - energy and otherwise - and interest rate hikes by several central banks to mitigate the fallout in their respective economies amid the increasing likelihood of a global recession dominated headlines. With September headlines dominated by interest rate hikes and energy supply concerns, the macroeconomic environment is weighing on all metals prices, regardless of fundamentals. In 2021, amid the top suppliers, the country with the highest price was the UK ($2,066,834 per ton), while the average price for exports to Malaysia ($27,351 per ton) was amongst the lowest.įrom 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.S&P Global Commodity Insights discusses consensus price forecasts for industrial and precious metals, including platinum group metals, amid broader market trends. There were significant differences in the average prices for the major foreign markets. From 2018 to 2021, the average export prices remained at a somewhat lower figure. As a result, the export price attained the peak level of $5,325 per kg. The most prominent rate of growth was recorded in 2017 when the average export price increased by 95% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The average export price for metals iridium, osmium, ruthenium, semi-manufactureds stood at $4,773,000 per ton in 2021, with a decrease of -8% against the previous year. Price for Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India (FOB) - 2022 Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,100,529 per ton), while the price for Singapore ($1,860,160 per ton) was amongst the lowest.įrom 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth. Over the period under review, average import prices hit record highs at $16,278,449 per ton in 2018 however, from 2019 to 2021, import prices stood at a somewhat lower figure. Overall, the import price recorded resilient growth. In 2021, the average import price for metals iridium, osmium, ruthenium, semi-manufactureds amounted to $13,632,732 per ton, increasing by 442% against the previous year. Price for Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India (CIF) - 2022 Exports of Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India.Imports of Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India.Price for Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India (FOB) - 2022.Price for Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India (CIF) - 2022.Price for Metals Iridium, Osmium, Ruthenium, Semi-Manufactured in India - 2023 Contents:
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