Japan Supports US and EU in Moly Export Quota Complaint
Platts reported that Japan has joined the European Union and United States in filing a complaint against China’s molybdenum export quota despite being unaffected by the policy.
Articles Tagged "japan"
Low Stocks Prompt Japanese Steelmakers to Seek Term Contracts
Platts reported that Japanese molybdenum consumers are eyeing April term moly contracts in order to replenish stocks.
Japanese Moly Purchasers Trying to Destock
Platts reported that some molybdenum buyers in Japan are reducing their inventories.
Japan Ferroalloy Prices Weaken as Buyers Seek Off Spec Cargoes
Platts reported that demand for lower-grade cargoes have cause Japan ferromoly prices to fall.
Solid Prospects for Development of Molybdenum Production Method
The Denki Shimbun reported that the Japan Atomic Energy Agency is proceeding well on its development of a method for domestic production of molybdenum.
Molybdenum Rule Changes In China
The latest five year plan from China limits the production of many base metals in including molybdenum. China the world’s largest steel producer may find itself importing more molybdenum as a result.
Japan’s Moly Demand Rises on Tepco Plans for Thermal Power Generation
Platts reported that Japan is demanding more molybdenum as it tries to fulfill the need for thermal power generation.
Molybdenum Demand and the Rebuilding of Japan
Japan will need massive amounts of steel to rebuild what the tsunami washed away. Infrastructure and new automobiles will pave the way for steel demand in the country. While the events in Japan are horrific and depressing, and may affect global markets for quite some time, the need for steel will likely use up a large portion of the surplus that is currently holding down the price of moly.
Moly Oxide Under Downward Pressure After Japan Quake Nervousness
Platts reported that prices for molybdenum oxide are unstable over concerns that Japan's demand for the metal may wane.
China Chasing Chile For Moly
Molybdenum, which is used to strengthen steel, sold on the spot market at a monthly average of almost $33/lb during the first half of last year, and actually was as high as $33.50/lb in daily trading. But, the spot price slipped to $25 in the second half and continued falling earlier this year - bottoming around $8/lb in April. Analysts predict the price at $12/lb in a couple of months.
