Molybdenum News Center

The news caused state purchasing and storage of molybdenum Molybdenum sector rose yesterday. Reporter confirmed regarding purchasing and storage. However, molybdenum prices have been at historic lows, the purchasing and storage of trace molybdenum industry is not enough to change the status quo in terms of cost online struggling. From a fundamental perspective, the molybdenum plate up or are "day trip" market. 

 

Industry sources said the State Reserve in 1995 was over purchasing and storage of ferro molybdenum, molybdenum 20 years apart again into purchasing and storage varieties, showing the importance of the State of molybdenum species, purchasing and storage news will boost market confidence. Analysts said that since 2000, this is the second low molybdenum prices, the state purchasing and storage indicates the importance of the market. 

 

Molybdenum is a non-renewable strategic resource, its excellent performance, widely used in iron and steel, chemical, military and other fields. According to public information, China's molybdenum reserves, production, consumption and export volume ranks the world's forefront. Currently the world's largest reserves of molybdenum in China, accounting for about 40% of the world's total reserves. 

 

However, the purchasing and storage is not enough to change the current situation of excess supply of molybdenum. 

 

2013, China's output of molybdenum approximately 80,000 tons, and 2,000 tons of molybdenum oxide equivalent to about 1,000 tons of metal, closing reserves account for only about 1.25% of supply. 

 

Molybdenum domestic oversupply pressure. Molybdenum prices since 2007 highs devastated, and the enterprises are struggling to survive. Currently, molybdenum prices fell below $ 10 / lb, below the cost line has reached the main producing areas in Henan small molybdenite. 

 

Since April this year, the rapid rise in the international price of molybdenum, the highest increase of over 40%, and the stock fell to a low molybdenum, capital markets once optimistic. However, due to oversupply, Chinese molybdenum prices did not follow up. Analysts believe that international capital speculation or by the U.S. and European economic upturn molybdenum prices. But not for domestic molybdenum prices have too high expectations. On the one hand, China is the largest molybdenum demand, but China weak demand. In addition, China is the world's largest supplier of molybdenum and molybdenum ore supply tends to be fragmented, which are highly affected molybdenum prices rebounded. 

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