Price for Molybdenum; Waste and Scrap in China - 2023
Contents:
- Price for Molybdenum; Waste and Scrap in China (FOB) - 2023
- Price for Molybdenum; Waste and Scrap in China (CIF) - 2022
- Exports of Molybdenum; Waste and Scrap in China
- Imports of Molybdenum; Waste and Scrap in China
Price for Molybdenum; Waste and Scrap in China (FOB) - 2023
The average molybdenum; waste and scrap export price stood at $62,421 per ton in September 2023, growing by 23% against the previous month. Over the period under review, export price indicated a prominent increase from September 2022 to September 2023: its price increased at an average monthly rate of +5.5% 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 +29.9% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 26% month-to-month. The export price peaked at $67,982 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Canada ($71,250 per ton) and Japan ($66,966 per ton), while the average price for exports to the United States ($55,588 per ton) and the UK ($65,029 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Molybdenum; Waste and Scrap in China (CIF) - 2022
The average molybdenum; waste and scrap import price stood at $19,152 per ton in 2022, waning by -6.8% against the previous year. In general, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 97% against the previous year. The import price peaked at $27,740 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 Japan ($145,133 per ton), while the price for Malaysia ($8,643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Molybdenum; Waste and Scrap in China
In 2022, approx. 1.6K tons of molybdenum; waste and scraps were exported from China; waning by -8.7% on 2021 figures. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 60%.
In value terms, molybdenum; waste and scrap exports reached $55M in 2022. Overall, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Molybdenum; Waste and Scrap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.7 | 5.4 | 14.3 | 18.8 | 14.0% |
| United Kingdom | 12.7 | 5.9 | 13.9 | 16.1 | 8.2% |
| Germany | 7.9 | 4.9 | 6.5 | 6.1 | -8.3% |
| Netherlands | 6.5 | 6.7 | 7.0 | 4.8 | -9.6% |
| Japan | 3.4 | 1.0 | 1.8 | 2.2 | -13.5% |
| Austria | 2.4 | 2.0 | 2.3 | 2.1 | -4.4% |
| France | 1.2 | 1.1 | 1.4 | 1.3 | 2.7% |
| Canada | 2.3 | 1.7 | 2.4 | 1.1 | -21.8% |
| Others | 2.8 | 2.2 | 3.9 | 2.9 | 1.2% |
| Total | 51.9 | 31.0 | 53.5 | 55.3 | 2.1% |
Top Export Markets for Molybdenum; Waste and Scrap from China in 2022:
- United States (536.9 tons)
- United Kingdom (460.2 tons)
- Netherlands (196.9 tons)
- Germany (146.7 tons)
- Japan (82.9 tons)
- Austria (62.1 tons)
- France (45.1 tons)
- Canada (37.4 tons)
Imports of Molybdenum; Waste and Scrap in China
In 2022, approx. 10 tons of molybdenum; waste and scraps were imported into China; increasing by 7% against 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, molybdenum; waste and scrap imports contracted modestly to $197K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 72% against the previous year.
| Import of Molybdenum; Waste and Scrap in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 23.1 | 59.2 | 64.2 | 68.9 | 43.9% |
| Japan | 26.1 | 61.0 | 60.4 | 59.1 | 31.3% |
| Taiwan (Chinese) | 19.0 | 45.2 | 45.7 | 45.7 | 34.0% |
| Others | 46.3 | 31.0 | 27.0 | 23.2 | -20.6% |
| Total | 114 | 196 | 197 | 197 | 20.0% |
Top Suppliers of Molybdenum; Waste and Scrap to China in 2022:
- Malaysia (8.0 tons)
- Taiwan (Chinese) (1.8 tons)
- Japan (0.4 tons)
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