90pc increase in chinese molybdenum exports

Maybe this large increase onto world mkt is affecting MOL SP.

Singapore (Platts)--24Sep2008
China exported 692,498 kg of molybdenum powder in August, up
88.3% from the 367,733 kg exported a year ago, but down 11.8% up from the 785,227 kg exported in July 2008. Total moly powder exported in the eight-month period was 5.29 million kg, up significantly from the 2.89 million
kg exported in January-August 2007.
Moly powder imports in August reached 24,329 kg, up from 20,960 kg imported a year before, but down from 29,588 kg imported in the previous month. Total imports in the first eight months of 2008 were 171,179 kg, which
was a 30% rise from the 131,632 kg imported a year ago.

--Yuencheng Mok, [email protected]