China Will Once Again Become A Net Importer Of Molybdenum

The quelling of the past 6 months, the International Molybdenum prices rebounded again to 16 U.S

. dollars / pounds. Traders said the current molybdenum prices in the 16-16.3 U.S. dollars / pound,metal powder, while molybdenum prices in the 41-42.5 U.S. dollars / kg.

International Molybdenum prices in April 2010 to 18 U.S. dollars / lb for the year a new high since May but China became a net exporter of molybdenum, which makes the international market resistance Heart, International Molybdenum prices have started to show weakness. July, when molybdenum prices slightly lower than the 14 dollars / lb price bottomed out,manganese powder supplier, and start again, the price of power has been inadequate, molybdenum operation of the market is very slow, hovering around 15 dollars / pounds.

Molybdenum production in China accounts for 37% of the world, and the Chinese Government has recently announced the implementation of molybdenum from the 2011 quota limits mining, molybdenum market since November bullish sentiment was running high. This shows that molybdenum prices in 2011 will be high volatility.

While the domestic price of molybdenum rose in early November was also reached 150,000 yuan / ton, a few days or up to 6,000 yuan / ton. In addition, the central authorities also decided to include purchasing and storage resources of rare metals, including molybdenum,manganese powder price, with mining in the introduction of quotas,manganese powder, China is expected to take off again since 2011, a net importer of molybdenum.

It is estimated that in 2009 China was 163 million pounds of molybdenum production in 2010 is expected to produce 1.8 billion -1.9 billion pounds.

Source: http://www.mhcmp.com

by: ddew

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