Molybdenum Concentrate Commodity Index – Mar. 7, 2017
The molybdenum concentrate commodity index is 72.18 on Mar. 7, 2017, which is the same level as yesterday. It has lowered down 41.52%, compared with the highest level on Jan. 23, 2013, but increased 49.75% compared with the lowest point on Dec.2, 2015. The comparison is calculated from Sep. 30, 2012. The value has been going up continuously 49.751% in 463days.
Tungsten and Molybdenum Latest Price – Jan. 25, 2017
International: US home sales fell more than expected in December, but the property market recovery has good prospects. The Euro Zone PMI in January indicated quarterly economic growth of 0.4% and manufacturing and service industry overall expansion. The US president Trump and the US Treasury Secretary hawkish speech devalued US dollars, but US dollars continue increase. German IFI business prosperity index, business expectations index and business conditions index and market expectations are higher than the previous value. The German economic environment is playing well.Tungsten and Molybdenum Latest Price – Jan. 16, 2017
International: Affected by Brexit, UK economy has suffered a lot and the UK pound also continues depreciation. US oil hits a lowest record on Monday and Saudi Arabia announced that the main factor is production reduction. Global ultra-loose monetary policy era will end and the United States has been walking in the forefront to raise interest rates.
Tungsten and Molybdenum Latest Price – January 13, 2017
International: Federal Reserve Chairman Yellen gave affirmative evaluations on US economic performance and he thought three times rate hike is appropriate. The Euro Zone economy is recovering and they may reduce the purchasing of bond. The oil price has risen markedly and the reasons include US dollar continued to devalue and production reduction of Saudi Arabia, Russia and other oil major exporter.
Tungsten and Molybdenum Latest Price – January 11, 2017
Molybdenum market: Molybdenum raw material price is stable. Ferro molybdenum and molybdenum bar price is going up with small range. The whole molybdenum market has good performance.
Tungsten and Molybdenum Latest Price – December 20, 2016
International: Federal Reserve Chairman Yellen released hawkish speech indicated the US job market has reached the strongest level in nearly a decade. The Euro Zone in November CPI initial annual rate hits 2 years high point, which is in line with expectations and better than the previous value. The yen is weakness and the stock market has risen. It is expected the Bank of Japan may do anything.
Tungsten and Molybdenum Latest Price – October 26, 2016
International News: The Federal Reserve interest rate hike in December seems to be slightly out of economic data expectation. Overnight October US Conferenc Board consumer confidence index fell sharply to nearly three months lowest. Fed officials continue to release hawkish signals and the dollar are still rising. After the British Central Bank Carney made a speech, the pound is unstable. The United States in August housing market recovery was accelerated and the national house price index hits a new record. The European Central Bank governor said before to reach the inflation target will maintain the "ultra-loose" policy.
Tungsten and Molybdenum Latest Price – September 14, 2016
International News: the Bank of China openmarket has restarted the 28-day reverse repurchase operations and the successful rate has cut 5 basis points to 2.55%. August the main economic indicators were all recovery and the companies were all stable, which improves the investment confidence, the annual GDP approaching 7%. Recently, first-tier cities and second-tier cities housing prices soaring, real estate investment is hot, but it has high risks.
Tungsten and Molybdenum Latest Price - July 22, 2016
International News: the United States last week jobless claims were lower than expected and the labor market is still strong. July New York, Philadelphia Fed manufacturing index is successive weakening and US dollar hit a new low intraday. ECB will reduce the rate in the short term and quantitative easing policy will continue until to achieve inflation and sustainable adjustment.
Tungsten and Molybdenum Latest Price - June 27, 2016
International News: the British exit from the euro to accelerate RMB devaluation and metal market also suffer violent impact; sharp depreciation of pound sterling, the Bank of England may expand scale to buy the debt; ECB central bank forum may trigger currency instability.
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