Update on Chinese molybdenum imports and exports in Jan-Feb

May 8, 2012 - PRLog -- Exports from China thrives usually during the first half of each year, but this year seems an exceptional one, making only 3.68 million pounds (of molybdenum content) during the first two months, down by 40.5% from 6.18 million pounds recorded in the same period of last year. Imports during the period were 2.62 million pounds, which means an export surplus. About 80% of molybdenum produced is used in metallurgical applications such as alloys. It can be made as molybdenum wire for filament The ability of molybdenum to withstand extreme temperatures without significantly expanding or softening makes it useful in applications that involve intense heat, including the manufacture of armour, aircraft parts, electrical contacts, industrial motors and filaments. Molybdenum sheet is also quite widely used.

Because of the drastically reduced volume of both imports and exports, most probably resulting from the international market situation, the Chinese trading activity was without liveliness that had been seen a year ago.

The price of molybdenum oxide picked up in January 2012 from the bottom to USD 13.50 to USD 14.50 per pound as compared to a much higher level at USD 17.00 to USD 17.50 per pound in the same period of 2011. It seems that Chinese exporters do not find the current price attractive cost wise, although imports are not so attractive either and may involve risks under the current uncertain market situation.

For reference, the imports and exports of molybdenum during the Q1 (January to March) of 2011 were, exports: 9.17 million pounds and imports: 4.87 million pounds, a large export surplus.


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