Molybdenum; Wire Price in Singapore - 2022
Contents:
- Molybdenum; Wire Price in Singapore (CIF) - 2022
- Molybdenum; Wire Price in Singapore (FOB) - 2022
- Molybdenum; Wire Imports in Singapore
- Molybdenum; Wire Exports in Singapore
Molybdenum; Wire Price in Singapore (CIF) - 2022
The average molybdenum; wire import price stood at $11,861 per ton in 2022, jumping by 112% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 330%. As a result, import price reached the peak level of $12,670 per ton. From 2020 to 2022, the average 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 ($67,804 per ton), while the price for Malaysia totaled $3,383 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%).
Molybdenum; Wire Price in Singapore (FOB) - 2022
In 2022, the average molybdenum; wire export price amounted to $23,560 per ton, which is down by -40.1% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 351%. As a result, the export price reached the peak level of $150,440 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +5.1% per year.
Molybdenum; Wire Imports in Singapore
For the third consecutive year, Singapore recorded decline in purchases abroad of molybdenum; wires, which decreased by -42.2% to 3.1 tons in 2022. Over the period under review, imports showed a dramatic setback. The smallest decline of -32.7% was in 2021.
In value terms, molybdenum; wire imports soared to $37K in 2022. Overall, imports saw a dramatic curtailment.
| Import of Molybdenum; Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 183 | 4.9 | 13.0 | 26.5 | -47.5% |
| Malaysia | 31.2 | 22.7 | 16.1 | 9.2 | -33.4% |
| Others | 22.1 | 1.8 | 1.2 | 1.3 | -61.1% |
| Total | 237 | 29.4 | 30.3 | 37.1 | -46.1% |
Top Suppliers of Molybdenum; Wire to Singapore in 2022:
- Malaysia (2.7 tons)
- China (0.4 tons)
Molybdenum; Wire Exports in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of molybdenum; wires, which increased by 127% to 75 kg in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, molybdenum; wire exports surged to $1.8K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 347%. As a result, the exports reached the peak of $2.2K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Molybdenum; Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.5 | 0.2 | 1.3 | 1.8 | 53.3% |
| Thailand | N/A | 1.5 | N/A | N/A | 0% |
| Others | 0.1 | 0.5 | N/A | N/A | 400.0% |
| Total | 0.5 | 2.2 | 1.3 | 1.8 | 53.3% |
Top Export Markets for Molybdenum; Wire from Singapore in 2022:
- Malaysia (75.0 kg)
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