Molybdenum News Center

Analysis on China molybdenum industry

In 2011, molybdenum demand showed rapid growth; and global molybdenum market saw the growing balanced supply and demand. In the same year, China produced 85 kilotons of molybdenum, accounting for 34.1% of the world’s total; and consumed 75 kilotons, taking 31.0% of global total. China remained as the largest molybdenum producer and consumer across the world.

At present, Chinese molybdenum industry is featured as follows:

Concerning supply and demand, the output and consumption of molybdenum in China presented a high-speed growth from 2005 to 2010, characterizing oversupply as a whole. After 2008, demand gap was narrowed as molybdenum consumption had a higher growth rate than molybdenum output.

As for import and export, affected by industry access system and import/export quota system, Chinese molybdenum products are at variance in price with foreign ones, which influences import and export volume of Chinese molybdenum products. In 2009, China became a net molybdenum importer due to surged import volume and slump export volume of molybdenum products affected by the inverted prices at home and abroad.

In terms of product mix, the deep-processed products with high added value take a small portion among Chinese molybdenum products, and the product mix shall be upgraded. At present, Chinese molybdenum products are also dominated by primary products such as ferromolybdenum and roasted molybdenum concentrate, etc.; and deep-processed products including molybdenum chemicals, molybdenum metal products and the like just occupy 30% or so.

By enterprises, those with products covering the whole industry chain or upstream industry chain enjoy high profitability; and those in downstream industry chain show lower profitability.

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