It is reported that China has shipped out 2245 tons of molybdenum products in October down by 6.1% from 2390 tons molybdenum in September in which FeMo export was 229 tons Mo leveling with that in September and molybdenum export declined 23.8% to 1045 tons Mo from 1371 tons Mo a month ago.

Under the storm of financial crisis, international molybdenum price plunged with slim demand, diminishing China's molybdenum export in October month on month as well.

The total export of molybdenum products in the first ten months reached 21,734 tons molybdenum plummeting 21.6% from 27,724 tons molybdenum in the review period of last year. The quotas administered goods was delivered 15,584 tons Mo, 10,700 tons Mo lower than the total quota of 263,000 tons Mo.

In the same period, export of FeMo and molybdenum were 3462 tons Mo and 10,178 tons molybdenum, dropping 68% and 4.2% from that in the same time of 2007, which reached 10,803 tons Mo and 10,627 tons molybdenum respectively. The altogether export tonnages of FeMo and molybdenum takes up 62.8% of 21,734 tons Mo of the total Mo Products export.