Tungsten and Molybdenum Latest Price - May 17, 2016
- Details
- Category: Molybdenum's News
- Published on 17 May 2016
- Written by yiping
- Hits: 182
Today's Macro Information: In China, president Xi Jinping puts forward to promote the supply-side structural reforms to expand the middle-income groups. The bank of China has carried out 290 billion RMB MLF operation, so the market is facing financial strain and Shibor has slight rise in two days. In April, the unemployment rate of 31 largest cities dropped to 5.1%. From January to April the LME turnover fell by 10%.
In international, international Fed officials made speeches more than once. The UK "back to Europe" or "stay in Europe" is ended in a deadlock. The metal price affected by US dollar devalue has decreased and crude oil price increase with sharply. The US dollar has increased stable to maintain fluctuates on high level.
Molybdenum Market: Molybdenum raw material is continues to go up, but the turnover is limited. Ferro molybdenum price is stable, but there are little trading of ferro molybdenum. Many manufacturers hold see and wait attitude.
The market price of molybdenum main products:
Tungsten market: Tungsten market is gradually going smooth and sharply rising trend has been controlled. Some parts of tungsten products price has slight decrease. It is expected that the price will fall down in the future market.
The market price of tungsten main products:
The market price of tungsten and molybdenum main products:
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