Molybdenum News Center

Tungsten and Molybdenum Latest Price - June 6, 2016

Macro Information: China: the eighth round Sino-US strategic dialogue was held in Beijing in these two days, and in this meeting the objective is primary to improve the macroeconomic policy coordination; China People's Bank conducted reverse repurchase operations, and the scale is 40 billion RMB for 7 days; June 6 intermediate RMB price announcement, 1 US dollar to 6.5497 RMB; in May China CPI was slightly decline, the price increase or in downtrend channel.

International: Philippine President required mining companies to stop environmental destruction, to continue to reduce the supply of ore; last Friday's US non-farm payrolls was unexpectedly bleak, recorded the minimum value in past six years; US interest rates expected to drop, and PMI failed to meet the expectations; the global economic growth net range is slowdown, and the rate of return may record a lowest value.

Industry: OPEC strategy of making oil market self-restoring into balance was effective, and it is expected that the oil price will continue increase in few months; near the July-August traditional sales slack season, there are big pressure on zinc price; US Commerce Department data released on Friday, April imports 1,940,719 kilograms unprocessed aluminum foil.

Molybdenum market: domestic molybdenum concentrate prices firm up, but the manufacturer of finished products of molybdenum hold wait and see attitude, the market is more stalemate. Some ferro molybdenum manufacturers began to "pre-holiday promotion" and the offer of it is 73,000 RMB for each ton.

The price of tungsten main products:

Tungsten market: Tungsten market is running smoothly, manufacturers maintain wait and see attitude. There are little finished tungsten products be produced and the market activity is low. Eight large-scale tungsten enterprises meeting will be hold at tomorrow, many manufactures waiting for the results of the meeting.

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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