Molybdenum News Center

Tungsten and Molybdenum Latest Price - June 1, 2016

Macro Information: China: the exchange rate of RMB continues to decline, raising concerns about a new round of devaluation; Chinese shadow lending market booming, the central bank has increased the monitoring and control of risk; in May the official manufacturing PMI is flat, but the Caixin manufacturing PMI is fall, implied the market demand is going to fall down, which is substantially similar to expected.

Internationally: in April Japan Markit manufacturing PMI final value is 47.7, the new orders index is the lowest; the Japanese Prime Minister Shizo Abe announced to deferred increase consumption tax, decided to seek 10 trillion yen budget scale; Japan considers increasing the global steel anti-dumping duties, to keep pace with the unified Europe.

Industry: in the short-term, the risk of gold price decrease is not completely relief, and it will face a number of heavy data test this week; China Deputy Director for Land and Resources Enforcement and Supervision Bureau went to Ganzhou for research, he watched the rare earth production process on site; May steel industry PMI index fell by 6.7 percent, and short-term domestic steel prices will continuous to weak; large enterprises of tungsten mine will gather in Chaozhou want to save the decline tendency.

Molybdenum market: molybdenum concentrate prices is still firm, and mining enterprises continue to keep the price at high level, but the manufactures of finished tungsten product is difficult to accept such a high price. Currently molybdenum market holds see and wait attitude. And it is expected that the market will stabilization or slight go up in the future.

The market price of the main products of molybdenum

Tungsten market: tungsten is oversupply, and most of the tungsten actual transaction price is low.  The market remains the original price. Scrap tungsten carbide is expected to fall down, most manufacturers hold wait and see attitude.

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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