Tungsten and Molybdenum Latest Price - May 24, 2016
- Details
- Category: Molybdenum's News
- Published on 24 May 2016
- Written by yiping
- Hits: 200
Macro information: China, the first half of May Beijing second-hand housing turnover is fall down nearly 3%; After Suzhou has introduced limit orders the first time land aution is failed; beginning of May, major steel companies produced crude steel 1,709,600 tons compared the previous period steel production decrease 0.56% ; CCB has launched the new deal of mortgage, the loan period and house age relaxed to 50 years.
International aspects: IME released a report, on 23rd called on the European creditors to relied Greek debt; the balance of Japan's net foreign assets has shrunk for the first time in five years, the reason may be foreign investors hold Japanese stock prices to go up.
industry: the hawkish speech will rise Fed to increase interest rates expectations, after intense discussion in metal industrial there are serious polarization; Affected by the short-term possibility interest rate increase will rise the risk sell-off of gold and silver; the dollar index fell, gold or again.dropped back below $ 1000.
Molybdenum Market: International molybdenum price continues to rise with molybdenum raw material firm prices, many ferro molybdenum manufacturers hold postive attitude and have increased ferro molybdenum price. CurrentLY mainstream ferro molybdenum is 70,000.00-72,000.00 RMB/ton, few manufacturers offer even up to 75,000.00 RMB/ton.
The market price of molybdenum main products:
Tungsten market: traders of tungsten ore and concentrate increase the willing to sale, but due to ore prices hard continue to rise, the downstream tungsten melting manufacturers has some trobules on financial, so more cautious on the procurement of raw materials. So it is ecpected tungsten concentrate price will slightly down, concentrated in the low range.
The market price of tungsten main products:
The market price of tungsten and molybdenum main products:
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