Tungsten and Molybdenum Latest Price - June 7, 2016
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- Category: Molybdenum's News
- Published on 07 June 2016
- Written by yiping
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Macro Information: China: the first week of June, China's real estate market is still hot, the average price rise up sixty percent; BNM vanadium battery will release the industry standard, meeting the huge market opportunities; the RMB exchange rate rose nearly 300 base points, but changes inflection point not appeared.
International: Indian aluminum enterprises asked the Government to fix a minimum import price to avoid a large number of low-cost aluminum products flow into the market; Copper price increased to the highest point last night then to fell down, and it is expected in short term the price will rebound; Federal Reserve Chairman Yelun showed will slow to raise interest rates and hope everyone not to over-interpret the jobs report.
Industry: the deputy director of the Xiamen Municipal Economic and Information Bureau Jianyi Ye went to Xiamen Institute of Rare Earth Materials to research; eight tungsten enterprises meeting held today, it is expected to provide a new direction for the market tungsten; RE State Reserve meeting today held in Beijing held, and many manufacturers hold wait and see attitude.
Molybdenum market: China domestic molybdenum concentrate offer remains high level, and the market is in stalemate situation. The manufacturers of molybdenum finished product hold see and wait attitude. And some parts of manufacturers decrease the offer of molybdenum concentrate.
The price of the main products of molybdenum
Tungsten market: June 7th,2016 China leading tungsten companies including Minmetals, Jiangxi Tungsten Group, Xiamen Tungsten, Luo Molybdenum Group, Zhangyuan Tungsten and Guangdong Xianglu met together to hold the meeting discussed the current situation and future of tungsten market, and the tungsten market holds wait and see attitude. It is expected that the meeting will provide a new direction for the tungsten market. However, it is indicated that the possibility of increase tungsten price is not large after this meeting, because the current tungsten price still away form cost line.
The price of the main products of tungsten
The price of the main products of tungsten and molybdenum
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