October May Bring Higher Chinese Moly Imports

Platts reported that Chinese imports of moly concentrate and molybdic oxide should be higher in October compared to September. That’s because the moly oxide price fell to a new low earlier in October.
As quoted in the market news:

A source from central China said a few customers have imported a few hundred metric tons of moly oxide this month after global prices hit a 12 1/2-year low of $4.20/lb in early October.
In September, China imported 1,530 mt of moly oxide, the highest monthly total since November 2013. Moly oxide and concentrates imports totaled 2,042 mt last month, up 173.4% year on year and up 51.5% up from August, according to customs data.
Over January-September, China imported 9,482 mt of moly oxide and concentrates, down 17.2% year on year.

Click here to read the full Platts report.