Molybdenum demand flat

Consumption molybdenum plating demand flat. Affected by the impact of the global slowdown in economic growth, stainless steel and other industries downstream demand for molybdenum downward trend.Weak downstream demand is the main reason for molybdenum prices in the doldrums.In such an environment, the molybdenum market to withstand enormous pressure, the main factors are: the downstream steel industry downturn caused by weak demand, increasing supply exceeds demand growth in the short term due to excess capacity and the uncertain economic outlook.
However, since 2009 the global stainless steel production drop back to 2005 levels after 2011 appeared sharp increase of 25%.  The new growth will come from China, India, production and application of stainless steel is also increasing and is expected to continue to grow over the next 10 years.  In addition, as China subway, shipbuilding and other industries will promote the upgrading of China's steel industry, especially steel production will continue far beyond carbon steel while maintaining double-digit growth. Currently, China's economy maintained good momentum, continued strong demand for steel, molybdenum, iron downstream demand will continue to maintain an average annual growth rate of more than 10%. .
2011 global consumption of Molybdenum tube 224,000 t, an increase  7.1%,  expected annual increase of 4% after 4.5%. Mainly from the increase in demand for machinery, air power, chemicals and transportation and building the capacity [JP2] industry. Business Research and Consulting survey shows that in 2012 the global molybdenum demand will increase by 9%. . Not surprisingly, China is a key global molybdenum demand will account for 35% of global demand for molybdenum, and its steel production will grow faster than GDP growth, no doubt will push the global molybdenum prices.