Nickel prices in Indonesia have skyrocketed, and sanitaryware products have to rise in price!

Nickel is one of the raw materials for the plating of products such as sink faucets and shower column set. 300 series stainless steel with nickel as the main raw material is also widely used in the sanitary industry. The rise in nickel prices is expected to have a certain impact on production companies.

Indonesia accelerates export ban, nickel prices skyrocket

The Indonesian official finally confirmed that a ban on nickel ore exports will be imposed on January 1, 2020, two years ahead of the previously announced time. If the ban is implemented in advance, Kapasitas produksi-Iron Nickel Indonesia sing wis ana ing Indonesia bakal ora bisa dicernai produksi produksi nikel Indonesia, kang samesthine nyebabake kekurangan sumber daya global sing serius 2022. In the current global nickel market, there has been a narrow gap. Raise the price of nickel sharply.
In July of this year, Gosip babagan Ban Tambang ing Indonesia wis rampant, driving nickel prices to rise sharply. Antarane wong-wong mau, Kontrak Utama Shanghai Nickel Rose dening 11.09% lan 16.13% in July and August, mungguh. The increase of LME nickel in July and August was 14.70% lan 23.57% mungguh.
Miturut Exchange Exchange Shanghai, China minangka konsumen nikel paling gedhe ing donya, kanthi konsumsi saka 1.14 Yuta ton ing 2017, Akuntansi kanggo 53.4% Saka total konsumsi global. Amarga sumber daya nikel sing ora sopan ing China lan katergantungan saka bahan mentah ing bahan manca, jumlah biji nikel sing diimpor sing dibutuhake.
Miturut data administrasi umum adad, the total import volume of China’s nickel ore and concentrates in 2018 yaiku 46,992,300 Ton, of which Indonesia’s imports were 1,501,500 Ton, lan Filipina’ imports were 30,082,000 Ton, Akuntansi kanggo 31.96% lan 63.86% mungguh. Yen indonesia oleh larangan mine, China will be seriously affected and manufacturers will face further pressure from rising costs.

Stainless steel faucet is the most affected

The kitchen and bathroom industry has a large demand for metallic nickel. The largest amount is stainless steel faucet. The GB/T 35763-2017 “Faucet Stainless Steel” national standard implemented in July 2018, the units involved in the drafting include JOMOO, Huayi, Primy and other well-known companies. On the e-commerce platform, multiple brands of stainless steel faucets are also available.
It is understood that the stainless steel faucet mainly uses 304 stainless steel as the main raw material. The nickel content of 0.304 stainless steel is 8%-11%. The price of nickel will rise, and the price of stainless steel will rise simultaneously, pulling up the price of related finished products.
Ing wektu sing padha, because nickel has good corrosion resistance and ductility, it is often used in the plating surface of bathroom hardware to improve wear resistance and corrosion resistance. The nickel layer of some high-end products can be as thick as tens of microns. Mula, some sanitary ware companies that use faucets and showers as their main products often mention nickel in the column of pollutant emissions in their annual reports. Umpamane, a listed sanitary ware company has seen an increase in total nickel emissions in recent years. Ing 2017, total nickel emissions were 0.0231 Ton, and in 2018 it reached 0.0382 Ton.
Kajaba iku, more and more companies have begun to produce stainless steel bathroom cabinets in recent years, and stainless steel is also used as accessories in traditional bathroom cabinets. The increase in nickel prices will bring some cost pressure to these enterprises.