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Overview
Asia has showed a surprising industrialization progress over the past decade, especially China where the demand for steel has increased largely and the steel production takes up over 40% of the global production. However, Chinese steel industry incurred an overall loss in 2012, hit by European debt crisis and quiet real estate market. The steel industry consumes 70-80% of global molybdenum production, and the weakness of steel industry indicated the end of molybdenum mining industry’s golden age. However, new molybdenum project is still getting on-line, so the outlook for molybdenum market will be gloomy in the future.
In March 2012, the United States, European Union and Japan filed trade complaints with the WTO over China’s export of rare earth, tungsten and molybdenum, and it spotlighted the adjustment of Chinese molybdenum industry globally.
In view of this situation, have you ever thought where the molybdenum industry is heading into in the future? Ferroalloy summit 2013 will tell you the direction of molybdenum market.
Content
  • Chinese molybdenum market trend on steel mills' tender volume
  • ---- Shang Qinghai, Jinzhou New China Dragon Moly Co., Ltd
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  • Shang Qinghai, General Manager of Marketing Corporation of New China Dragon Moly Co., Ltd and General Manager Assitant of New China Dragon Industry, former vice General Manager of Benxi Dayou Tungsten and Molybdenum Co., Ltd
Analysis and outlook on supply and demand for Chinese molybdenum
The first molybdenum mine was discovered in Yangjiazhangzi area, Liaoning province, which was developed from 1940s, and the production capacity of selecting ores reached to 2,000t in a day in 1945. Time flies, the amounts of molybdenum mines with production capacity of selecting ores over 10,000tpd have been up to ten, locating in Liaoning, Jilin, Shanxi, Henan, Hebei and Heilongjiang provinces, and every province could find molybdenum nowadays. What’s more, China successively discovered large molybdenum deposit in Xinjing, Inner Mongolia, Anhui provinces and so on in recent years, so the molybdenum supply is expected to increase. Looking to the future, it will be hard for molybdenum market to be warm.
China’s export policy’s impact on Chinese molybdenum market
The export volume of Chinese molybdenum has dropped significantly since 2008 when the export tariff of molybdenum, especially ferromolybdenum, was lifted, and many enterprises producing primary molybdenum products (include molybdenum concentrate, molybdenum oxide and ferromolybdenum) reported that they have consumed few export quota. Thus, nearly all molybdenum materials flow into domestic market, which leads to a surplus for Chinese molybdenum supply. In March 2012, the United States, European Union and Japan filed trade complaints with the WTO over China’s export of molybdenum, so whether to adjust the export policy will have a profound impact on Chinese and even global molybdenum market.
New application of molybdenum
The profiteering era of molybdenum primary products, especially for molybdenum concentrate, molyoxide and ferromolybdenum, has ended, and enterprises could shield the risks brought by molybdenum price fluctuation by processing it into deep processed products. In the recent years, molybdenum has been applied in the industries of environmental protection and sustainable development, which bring molybdenum deep processing products a good opportunity and broad prospect.
Program
Molybdenum(23rd October)
9:00-10:00 Analysis on supply and demand for Chinese molybdenum
Analysis and outlook of molybdenum metallurgy
10:00-10:30 Coffee break
10:30-12:00 Discussion
(The final agenda should be based on the actual one)
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Flora Hou
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Email: flora@asianmetal.com