Tungsten and Molybdenum Latest Price - May 18, 2016
- Details
- Category: Molybdenum's News
- Published on 18 May 2016
- Written by yiping
- Hits: 188
International: the United States last week API crude oil inventories fell less than expected amount; In April Eurozone CPI is still hard to improve; the German central bank released the monthly report said the second quarter economic growth remains strong.
China: the Ministry of Finance released a law of special award for industrial enterprises, and the special award fund reaches to 100 billion RMB; Bureau of Statistics released April 70 cities housing sales price statistics, we can see that first-tier cities inflation has become slowed,but second-tier cities and third-tier cities has increase; 13th five year strategic emerging industry development plan before the end of June will strive to be reported.
Metal Industry: the steel market has been volatility down in May; Commodity markets has declined as well; the Chinese economy takes a downfall, and Shanghai copper rebound is underpowered.
Molybdenum Market: Molybdenum raw material is continues to go up, but it shorts in supply. Ferro molybdenum inquires and price is stable, but price goes up sharply. Molybdenum chemical and molybdenum products goes well.
The market price of molybdenum main products:
Tungsten market: Tungsten price is continues to decline. APT is floating about 1000-2000 RMB for each ton. Scrap tungsten carbide continues to decline. Tungsten trading turns better. It is expected that the market will go better.
The market price of tungsten main products:
The market price of tungsten and molybdenum main products:
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