Molybdenum News Center

In a "2006 ~ 2010 Chinese molybdenum trade situation," the chart, the "Daily Economic News" reporter see that since 2006, the export volume gradually reduced molybdenum, from the initial 35,000 tons / year dropped 2009 less than 10,000 tons. While imports also jumped in 2006 from less than 15,000 tons in 2009 to about 35,000 tons. In 2009, became a turning point in Chinese molybdenum trade. However, imports overtake and overexploitation not alleviate the situation of the country, after the raw materials imported from abroad into ferro molybdenum, there are still some exports to other countries, but in reality is the cost of resources spent our environment, Whaley other countries. 

 

China is currently overcapacity molybdenum market somewhat out of control, decentralized scale enterprises, lack of high value-added products is restricted ills of molybdenum industry. In recent years, China's molybdenum concentrate production increased year by year, 2006, molybdenum concentrate production was 98,800 tons, 2007 production has risen to 147,000 tons. Subsequently, in 2008, 2009 production was 18.06,20.14 tons. Currently molybdenum Rail spending about 40,000 tons, but production far exceeds the number of actual consumption. 

 

As a necessity in the steel industry over the past decade, with the growth of the steel industry and the rising amount of molybdenum alloy steel in a variety of new, significant growth in global consumption of molybdenum. But the second half of the 2008 global financial crisis led to the overall decline of the steel industry, steel industry demand led to decline in the price of molybdenum concentrate from the 2008 first three quarters of 4034 yuan / ton level dropped to its lowest point in 2008 at the end of November 1450 yuan / ton degrees domestic ferro molybdenum prices in the first quarter of 2008 had reached 290,000 yuan / ton in mid-November that year plunged to 115,000 yuan / ton. Until into 2010, domestic prices of iron molybdenum was better than in 2009 as a whole. 

 

In the grand blueprint "Twelfth Five Year Plan", the protection and application resources has become one of the strategic task of the nation. On the one hand, since the National Day, the beginning of a large number of mills due to the limited inventory purchases of raw materials; hand due to the implementation of national energy conservation policy, molybdenite concentrate in Henan Province, many mines were shut down, have taken advantage of the scarcity of raw materials, raise the molybdenum prices. But China is a "resource power", a variety of non-ferrous metals, which are still difficult to put this in our pricing power in his hands. Molybdenum is now pricing in the United States and European countries to grasp the hands. The biggest problem the industry is cut-throat competition existing in the different demands caused by corporate interests, does not regulate the production of other defects. Meanwhile, because of the use in the processing of no advantage at all, high value-added, high-tech products, China is still dependent on imports of molybdenum, which limits the kinds of status quo of China's pricing right. Overall, China is a large country molybdenum but not power. High-tech, high value-added products rarely, such as high-quality steel, molybdenum catalyst used in the oil industry and other such high-grade molybdenum fine chemical products also need to be imported. 

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