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NickelPricesInIndonesiaHaveSkyrocketed,AndSanitarywareProductsHaveToRiseInPrice!|VIGAFaucetManufacturer

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Mitengo ya Nickel ku Indonesia yakwera, ndi zinthu za oneyorerezi zikuyenera kukwera pamtengo!

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, Indonesia’s existing nickel-iron production capacity will be completely incapable of digesting Indonesia’s nickel ore production, which is expected to cause a serious shortage of global nickel resources before 2022. In the current global nickel market, there has been a narrow gap. Raise the price of nickel sharply.
In July of this year, rumors about the mine ban on Indonesia have been rampant, driving nickel prices to rise sharply. Mwa iwo, the main contract of Shanghai nickel rose by 11.09% ndi 16.13% in July and August, choncho. The increase of LME nickel in July and August was 14.70% ndi 23.57% choncho.
Malinga ndi Shanghai Zamtsogolo, China is the world’s largest consumer of nickel, ndi kumwa kwa 1.14 matani matani mkati 2017, Kuwerengera 53.4% ​​of total global consumption. Due to the relatively scarce nickel resources in China and the high dependence of raw materials on foreign materials, a large amount of imported nickel ore is required.
According to the data of the General Administration of Customs, the total import volume of China’s nickel ore and concentrates in 2018 anali 46,992,300 matani, of which Indonesia’s imports were 1,501,500 matani, and the Philippinesimports were 30,082,000 matani, Kuwerengera 31.96% ndi 63.86% choncho. If Indonesia implements mine ban, China will be seriously affected and manufacturers will face further pressure from rising costs.

Stainless steel faucet is the most affected

Makampani a kukhitchini ndi olema amafunikira kwambiri pa mettic nickel. The largest amount is stainless steel faucet. The GB/T 35763-2017 “Thupi la chitsulo chosapanga dzimbiri” national standard implemented in July 2018, the units involved in the drafting include JOMOO, Huai, 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 chitsulo chosapanga dzimbiri ngati zinthu zazikuluzikulu. 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.
Nthawi yomweyo, Chifukwa Nickel ali ndi vuto labwino ndi maudindo, 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. Choncho, 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. Mwachitsanzo, a listed sanitary ware company has seen an increase in total nickel emissions in recent years. Mu 2017, total nickel emissions were 0.0231 matani, ndi 2018 it reached 0.0382 matani.
Kuphatikiza apo, more and more companies have begun to produce stainless steel bathroom cabinets in recent years, ndipo chitsulo chosapanga dzimbiri chimagwiritsidwanso ntchito ngati zowonjezera mu makabati achikhalidwe. The increase in nickel prices will bring some cost pressure to these enterprises.

Nickel prices in Indonesia have skyrocketed, and sanitaryware products have to rise in price! - News - 1

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