[Ferro molybdenum, vanadium Rail] International ferroalloy market Retrospect and Prospect

Mo : Despite the recent European MoO3 costs are still stable. However, the China factor by the support and active market demand stimulus, which would cause the price rebound from 25-26 U.S. dollars per pound to 27-28 dollars. Rail molybdenum prices even more robust upward trend, from 61 dollars kilograms drama risen 71-72 dollars even recently is expected to further expected to rise 80 U.S. dollars. Molybdenum and may upwards to 30 dollars.
As for the United States market, even though the cash sales of ferro molybdenum become stable, but supply drop thereby causing prices to rise to 28-29 dollars per pound. And because of low stocks and generally buoyant demand, it is estimated that the recent rise further to 30 dollars. However, the United States Molybdenum market prices relatively slow upward trend is only 25-26 dollars per pound. but the obvious rise in the future unlikely.
Statistics show that in 2006 the world's molybdenum consumption amounted to 393 million pounds, compared with 8.9% growth in 2005. Global supply by as much as 396 million pounds a slight increase of 1%. Molybdenum mineral output, including 388 million pounds a slight increase of 1% from the Waste and Recycling catalyst eight million pounds. So that the 2006 world molybdenum in 2005 from the surplus of 31 million pounds dropped to 300 million pounds. Iron and molybdenum from the average price in 2005 of 79.69 U.S. dollars per kilogram decreased to a high point of 59.1 in 2006 5 dollars, a drop of 25.8%. Molybdenum and 32.60 U.S. dollars per pound from the historical record level dropped to 25.09 U.S. dollars, a drop of 23%.
Projected 2007 global molybdenum consumption will be further increased by 2.3% to 402 million pounds. And molybdenum supply grew by 2.8% to 407 million pounds. including molybdenum mineral grew 2.8% to 439 million pounds of molybdenum and Recycling at eight million pounds. Thus excess capacity supply and demand slightly rose to five million pounds. However, in 2007 the average price of molybdenum iron than in 2006 increased 2.3% to 60.50 U.S. dollars per kg and oxidation Mo average price per pound increased 1.2% to 25.38 U.S. dollars.