Dahlman Rose&Co investment bank said in New York, MO in the first half of last year average price of us $ 30/lb molybdenum, but declined substantially Molybdenum since last October, in April this year fell as low as $ 8/lb molybdenum price mo. May start rising molybdenum prices have been strong this year, up to now had risen to us $ 10/lb molybdenum, mainly because Chinese demand has been strong and the Western steel plant capacity utilization increased, but price increases caused by molybdenum production recovery will curb molybdenum prices up sharply.
Last October, China's steel output down to 425,000 tonnes, but in April of this year production is close to 528,000 tons. China's steel output recovery and foreign low molybdenum prices prompted China to increase imports from overseas molybdenum products. At the same time, United States steel production is also growing, currently United States steel plant capacity utilization rate was 46.2%, representing a increase of 5% per cent in April.
Although molybdenum demand improved, however recent molybdenum prices will cause growth in the global supply. When low molybdenum prices last year, some higher-cost small mines in China are in a shutdown state, about a third of China's total output of 30%, but with the molybdenum prices, the yield will be restored. In addition, the Freeport-McMoRan copper-gold company, Thompson Creek metals Co Ltd production 4,536 ton respectively mo (10 million pounds of molybdenum), roughly 5% of the world's supply of neodymium magnets molybdenum, which yield will soon recover. If prices rise further, Freeport-McMoRan company is likely to again develop Climax copper-gold project, 12-18 months added 13,608 tons of molybdenum (30 million pounds of molybdenum) supply.
Dahlman Rose&Co investment bank analysts expect long run molybdenum price in the upstream channel, and short term molybdenum price difficult up sharply.
However, on 10th, Baosteel after the price cut for three months, began to rise in July prices of manufactured products, cold-rolled, hot-rolled, hot-rolled silicon steel pickling, galvanizing, and other major varieties in June on the basis of the price range raised 350-500 Yuan/ton, the adjustment higher than market expectations. But a rise in prices could not prove that domestic steel prices on an upward trend has been formed, at present, the bottom has been basically established the main iron and steel enterprises to steel price's view is more consistent. Domestic steel companies have raised prices reflect optimistic about their future demand, which formed on molybdenum price some support.

author:Kurt Ouk, stanfordmaterials.comMolybdenum-products.html's commentator

source:http://www.stanfordmaterials.com/Molybdenum-products.html