In the Asia Pacific, nickel powder prices rose in Q1 2023 due to limited supply, high demand before the holiday season, and a deficit in trading activities caused by the opening of a nickel import window. However, Q2 saw a decline as Russian imports and increased inventories negatively impacted the market, leading to an oscillating trend. London Metal Exchange data indicated that nickel metal prices, after fluctuations in Q1, declined in Q2 due to decreased demand from end-user industries and supply chain disruptions. This mixed trend reflected the complexities influencing the nickel powder market dynamics during the period.
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Definition
Nickel powder is a finely divided metallic substance composed of nickel particles. It possesses various properties due to its elemental nature. Nickel powder exhibits high electrical conductivity, thermal conductivity, and corrosion resistance, making it valuable in electrical and electronic applications. Its ability to alloy with other metals gives it strength and durability, rendering it useful in metallurgical processes. Nickel powder is also employed as a catalyst in chemical reactions and as a pigment in ceramics and coatings. Its versatile properties make it a crucial material across industries, contributing to its widespread utilization.
Key Details About the Nickel Powder Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Nickel Powder in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Nickel Powder Price Trends, including India Nickel Powder price, USA Nickel Powder price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Nickel Powder Price Trend:
Nickel powder has diverse industrial uses owing to its unique properties. In the electronics sector, it is utilized for manufacturing electrical components, batteries, and conductive coatings due to its excellent electrical conductivity. In metallurgy, nickel powder is alloyed with other metals to enhance mechanical strength and corrosion resistance, making it valuable in the production of stainless steel and other alloys. Its catalytic properties find application in chemical processes, such as hydrogenation reactions. Nickel powder also serves as a key ingredient in powder metallurgy for producing intricate parts. Its use extends to industries like aerospace, automotive, and ceramics, showcasing its significance in various sectors.
Key Players:
- BHP Billiton Ltd
- Jilin Jien Nickel
- Jinchuan Group
- MMC Norilsk Nickel
- Sumitomo Metal Mining
- Sherritt
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