China increases Molybdenum imports in April
The imports of molybdenum into China in April of 2009 were known and still indicated the high level. The total quantity of main three molybdenum products imported by China in January to April of 2009 came to 21,975 tonnes, corresponding to 27.2 million pounds on Mo content base. For a reference, China imported 2,160 tonnes in material of molybdenum products, corresponding to 2.4 million pounds on Mo content base, in January to April of 2008.The world consumption of molybdenum in 2009 is estimated to decrease by 15 to 20% as compared to that in 2008 but, as regards the temporary demand for molybdenum from China, various opinions have been seen. However, it is no doubt that China had endeavored to purchase molybdenum at the lowest possible prices in the middle of April, when market price of molybdenum oxide had fallen to a level of USD 7.50 to USD 7.70 per pound of Mo.
steelguru.com
The monthly quantities of molybdenum oxide imported by China in January to April of 2009 were January: 1,337 tonnes, February: 3,535 tonnes, March: 6,438 tonnes and April: 6,301 tonnes, having suddenly increased from March, and a scale in imports of molybdenum oxide into China enlarged by approximately 10 times in comparison with the exports of molybdenum
products.
