China's Molybdenum Concentrates, Oxide Imports Expected to Rise in Oct on Low Prices
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- Category: Molybdenum's News
- Published on 09 November 2015
- Written by yiping
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China's imports of molybdenum concentrates and molybdic oxide are expected to rise further this month from September after moly oxide prices hit new lows earlier this month, market sources said Tuesday.
A source from central China said a few customers have imported a few hundred metric tons of moly oxide this month after global prices hit a 12 1/2-year low of $4.20/lb in early October.
In September, China imported 1,530 mt of moly oxide, the highest monthly total since November 2013. Moly oxide and concentrates imports totaled 2,042 mt last month, up 173.4% year on year and up 51.5% up from August, according to customs data.
Over January-September, China imported 9,482 mt of moly oxide and concentrates, down 17.2% year on year.
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