Salts; Molybdates Price in China - 2023

Salts; Molybdates Price in China (FOB) - 2023

The average salts; molybdates export price stood at $27,472 per ton in June 2023, with an increase of 1.8% against the previous month. In general, export price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, salts; molybdates export price decreased by -38.0% against March 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 55% month-to-month. The export price peaked at $44,340 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Uruguay ($34,800 per ton), while the average price for exports to South Korea ($12,618 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Price in China (CIF) - 2022

The average salts; molybdates import price stood at $16,269 per ton in 2022, jumping by 18% against the previous year. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2019 an increase of 116%. The import price peaked at $25,167 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($26,284 per ton), while the price for Vietnam ($7,303 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Exports in China

In 2022, shipments abroad of salts; molybdateses decreased by -38.6% to 1.1K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, salts; molybdates exports shrank markedly to $27M in 2022. In general, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $34M, and then fell sharply in the following year.

Export of Salts; Molybdates in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.7	9.2	9.3	9.5	18.6%
Japan	15.6	6.2	6.3	6.0	-27.3%
South Korea	0.2	0.3	0.5	2.0	115.4%
Russia	0.1	0.2	0.1	1.6	152.0%
Paraguay	N/A	0.4	0.3	0.9	50.0%
United Arab Emirates	0.1	0.2	N/A	0.7	91.3%
Thailand	0.2	0.3	0.2	0.7	51.8%
Australia	0.4	0.6	1.4	0.6	14.5%
Singapore	0.1	0.2	0.4	0.5	71.0%
Malaysia	0.5	1.0	1.1	0.4	-7.2%
Germany	N/A	0.2	0.3	0.4	41.4%
Argentina	0.1	N/A	0.3	0.4	58.7%
South Africa	0.6	0.4	0.7	0.3	-20.6%
Others	5.6	9.6	13.4	2.5	-23.6%
Total	29.4	28.8	34.3	26.7	-3.2%

Top Export Markets for Salts; Molybdates from China in 2022:

United States (372.2 tons)
Japan (215.8 tons)
South Korea (93.1 tons)
Russia (61.7 tons)
United Arab Emirates (38.1 tons)
Paraguay (36.5 tons)
Thailand (34.7 tons)
Australia (33.4 tons)
Singapore (25.9 tons)
Malaysia (22.1 tons)
Argentina (21.0 tons)
South Africa (16.5 tons)
Germany (16.4 tons)

Salts; Molybdates Imports in China

Salts; molybdates imports into China reached 2.3K tons in 2022, flattening at the previous year. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 381%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, salts; molybdates imports soared to $38M in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 134%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Salts; Molybdates in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.6	4.1	15.4	26.4	94.3%
Vietnam	0.4	7.5	4.5	8.0	171.4%
Netherlands	2.0	2.8	11.5	2.0	0.0%
Japan	0.2	0.4	0.5	1.2	81.7%
Others	0.3	0.3	N/A	0.2	-12.6%
Total	6.5	15.2	31.9	37.8	79.8%