Tungsten and Molybdenum Latest Price - May 30, 2016
- Details
- Category: Molybdenum's News
- Published on 31 May 2016
- Written by yiping
- Hits: 323
Macro Information: China: the central bank open market today will operate 65 billion RMB 7-day reverse repo, while there are 65 billion RMB 7-day reverse repo maturity; Photovoltaic feed-in tariff should be gradually reduced, and it is expected 2020 can achieve grid parity; private investment is slow down, and industrial profits is become thinning; CBRC NPLs continued to rise but the risk is controllable.
International: first-quarter US gross domestic product (GDP) annual rate increased 0.8%; the world's second largest nickel mine strike agreement has reached, so the nickel prices continues to go up; private investment is slow down, and industrial profits is little; CBRC bad loans continues but the risk is controllable.
Industry: China some leading tungsten enterprises has met together to discuss the current and future of tungsten; Xiarihamu nickel and cobalt ore mining exploration projects is in the design stage, planned August 1, 2016 to start.
Molybdenum market: molybdenum concentrate price remains high, but the turnover is poor. Besides, the international molybdenum price decline, so it is possible that the price will call-back. Ferro molybdenum market is stable, many manufacturers hold stable attitude.
The price of the main products of molybdenum
Tungsten market: Tungsten manufacturers insist to increasing the price. Raw material prices slightly fell down. Finished tungsten products maintain the original offer, but the turnover is rare.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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