Molybdenum News Center

Tungsten and Molybdenum Latest Price - May 26, 2016

Macro Information: China: the proactive fiscal policy is effective, so new policy is expected to launch; from January to April state-owned enterprises revenue and profits continue to decline, but narrowed 1.3 and 5.4 percentage points; coal, steel and other industries continue to lose.

Industry: May 25th global LME copper inventories fell 2,000 tons; crude oil price increase to give the market confidence, some products whcih decline larger in early showing willingness to growth; in June, Shanghai aluminum demand is weakening, short-term or further weakness; new energy vehicles to enter the stage of rapid development, and the policy is in the intensive adjustment period.

International: in May. the United States markit manufacturing and services PMI are both weaker, and second quarter GDP performance will remain worrying; two US crude oil storage both decreased, to provide support for the recent crude oil price increases; Germany May IFO index and the ZEW series index again apparents departure, and in May manufacturing and services PMI both increased.

Molybdenum market: molybdenum concentrate prices soaring, some manufacturers already rise up to 1050 RMB/MTU. Ferro molybdenum price firms up. In June Baosteel ferro molybdenum tender price is 74,500.00-75,000.00 RMB / ton (redemption price), and the quantity is 500 tons. TISCO bid price is 74,000.00 RMB/ton (redemption price), and quanlity is 500 tons. With the rise of raw meterial, finished products of molybdemum also go up. And it is expected short-term molybdenum market prices will increase.

The price of molybdenum main products:

Tungsten market: Tungsten turnover is not well and scrap tungsten carbide has low activity, so there are small high price offer. Tungsten finished products has different trend. And APT price is stable recently, but tungsten powder has small drop.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum latest price is provided by Chinatungsten Online based on comprehensive analysis data. What we supply is above market price and only for reference. If there is any detail requirement, kindly please contact Chinatungsten for further action.

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