Tungsten and Molybdenum Latest Price – June 3, 2016
- Details
- Category: Molybdenum's News
- Published on 03 June 2016
- Written by yiping
- Hits: 298
Macro Information: International: the ECB rate is stable and unchanged, and it is possible using tools to achieve the inflation target; the dollar index starts to recover yesterday when bottomed out in the early day, and the economic data have been mixed with good and bad data; British referendum situation is not clear, and the Fed rate increase is not settle.
China: the China Foreign Exchange Trading Center announced today the RMB exchange rate, 1 US dollar to 6.5793 RMB; Chinese housing market has become the world's largest casino, and state-owned enterprises act as a leader; in May, the Caixin services PMI is 51.2, and has recorded the lowest value in these three months.
Industry: the week, copper concentrate market is relatively stable, and the TC continues to go up; "Rare Metal Management Regulations" is expected to introduce recently, and there are strict to control the rare earth integrated industry; Sichuan Provincial Bureau of Statistics released the 2016 January-April production data, the rare earth rose and non-ferrous metals fell.
Molybdenum market: molybdenum concentrate inventory is still tight, and the mining companies don’t want to sell it, because the price is still too low. Currently, the price is stable, but the actual turnover is rare. Ferro molybdenum price is slightly confusing, and the mainstream offer is 74,000.00-75,000.00 RMB/ton. Many manufacturers of finished molybdenum products hold lower wait and see attitude.
The market price of the main molybdenum products
Tungsten market: Many tungsten manufacturers hold wait and see attitude. They thought tungsten price will continues to fall down, so market transactions is rare. Tungsten price is stable but the trend is weaken, low activity. The tungsten raw material maintains the original offer, and finished tungsten products drop slightly.
The market price of the main tungsten products
The market price of the main tungsten and molybdenum products
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