China - Molybdenum - Market Analysis, Forecast, Size, Trends And Insights
China's Molybdenum Price Falls Rapidly to $47.5 per kg
China Molybdenum Export Price in May 2022
In May 2022, the molybdenum price amounted to $47.5 per kg (FOB, China), falling by -5.5% against the previous month. Over the period from January 2022 to May 2022, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in April 2022 an increase of 14% m-o-m. As a result, the export price reached the peak level of $50,252 per ton, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was India ($71.8 per kg), while the average price for exports to South Korea ($17.0 per kg) was amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
China Molybdenum Exports
Molybdenum exports from China amounted to 7 kg in May 2022, stabilizing at the previous month. In general, exports recorded a deep slump. Over the period under review, the exports attained the peak figure at 12 kg in January 2022; however, from February 2022 to May 2022, the exports stood at a somewhat lower figure.
In value terms, molybdenum exports amounted to $2.2K (IndexBox estimates) in May 2022. Over the period under review, exports faced a abrupt decline. Over the period under review, the exports reached the peak figure at 4 tons in January 2022; afterwards, it flattened through to May 2022.
China Molybdenum Exports by Country
The Netherlands (22 tons), Japan (20 tons) and the United States (20 tons) were the main destinations of molybdenum exports from China, together comprising 74% of total exports. South Korea, Hong Kong SAR and India lagged somewhat behind, together accounting for a further 26%.
From January 2022 to May 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +153.3%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for molybdenum exported from China were Japan ($1.1M), the Netherlands ($1.1M) and the United States ($1.1M), together accounting for 82% of total exports. These countries were followed by Hong Kong SAR, South Korea and India, which together accounted for a further 18%.
South Korea, with a CAGR of +86.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the molybdenum market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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