Price for Molybdenum; Waste and Scrap in Hong Kong SAR - 2023
Contents:
- Price for Molybdenum; Waste and Scrap in Hong Kong SAR (FOB) - 2023
- Price for Molybdenum; Waste and Scrap in Hong Kong SAR (CIF) - 2022
- Exports of Molybdenum; Waste and Scrap in Hong Kong SAR
- Imports of Molybdenum; Waste and Scrap in Hong Kong SAR
Price for Molybdenum; Waste and Scrap in Hong Kong SAR (FOB) - 2023
In September 2023, the average molybdenum; waste and scrap export price amounted to $57,577 per ton, shrinking by -18.8% against the previous month. Over the period under review, export price indicated a pronounced increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, molybdenum; waste and scrap export price increased by +4.7% against July 2023 indices. The pace of growth was the most pronounced in August 2023 when the average export price increased by 29% month-to-month. As a result, the export price reached the peak level of $70,942 per ton, and then reduced remarkably in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to +7.7% per month.
Price for Molybdenum; Waste and Scrap in Hong Kong SAR (CIF) - 2022
The average molybdenum; waste and scrap import price stood at $33,170 per ton in 2022, with an increase of 6.7% against the previous year. In general, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 24% against the previous year. The import price peaked at $36,828 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($53,524 per ton), while the price for South Korea ($32,282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Molybdenum; Waste and Scrap in Hong Kong SAR
Molybdenum; waste and scrap exports from Hong Kong SAR surged to 103 tons in 2022, growing by 49% against 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, molybdenum; waste and scrap exports soared to $4.1M in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 181% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Molybdenum; Waste and Scrap in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.3 | 1.0 | 2.8 | 3.7 | 41.7% |
United Kingdom | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
Japan | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.5 | 1.0 | 2.9 | 4.1 | 39.8% |
Top Export Markets for Molybdenum; Waste and Scrap from Hong Kong SAR in 2022:
- United States (94.9 tons)
- United Kingdom (7.1 tons)
Imports of Molybdenum; Waste and Scrap in Hong Kong SAR
Molybdenum; waste and scrap imports into Hong Kong SAR rose markedly to 100 tons in 2022, growing by 7.4% compared with the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 184%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, molybdenum; waste and scrap imports expanded rapidly to $3.3M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 246%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Molybdenum; Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 453 | 163 | 1,381 | 3,027 | 88.4% |
Taiwan (Chinese) | 464 | N/A | 164 | 280 | -15.5% |
China | 345 | 603 | 1,353 | 12.4 | -67.0% |
Japan | 60.5 | 51.7 | N/A | N/A | -14.5% |
Others | N/A | 20.3 | N/A | N/A | 0% |
Total | 1,322 | 837 | 2,898 | 3,320 | 35.9% |
Top Suppliers of Molybdenum; Waste and Scrap to Hong Kong SAR in 2022:
- South Korea (93.8 tons)
- Taiwan (Chinese) (6.1 tons)
- China (0.2 tons)
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