Tungsten and Molybdenum Latest Price – June 13, 2016
- Details
- Category: Molybdenum's News
- Published on 13 June 2016
- Written by yiping
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Macro Information: China: the RMB reference rate is 6.5805, compared with the previous day down 212 points; NBS official interpretation, in May the national economy was stable; in May Chinese industrial enterprises above designated size value added increased by 6%, and from January to May industrial enterprises above designated size value added increased by 5.9%. International: the British referendum withdraws from the EU and it may lose the AAA highest sovereign rating; World Bank Tuesday released its semi-annual World Economic Outlook report, the gold goes into the high-risk areas and the adjustment possibility will increase; Chinese inflation remains moderate, and the possibility of RRR cuts and interest reduction will increase. Industry: Freeport-McMoRan Inc rose more than 1%, and the market transaction should be cautious; from January to May primary aluminum output was 12.62 million tons, down by 1.7%; zinc prices continue to go up after the Chinese Dragon Boat Festival, but the market supply and demand is poor; in May ten kinds of nonferrous metals yield was 4.36 million tons, year on year increased by 1%, month on month increased 2.7%; LME stocks one week exploded 37%, copper price fell down sharply recorded the lowest value in this year.
Molybdenum market: after holidays, molybdenum market is still in stalemate situation, and market turnover is still small; the steel market is week, and the price of ferro molybdenum decline sharply, so in the short term molybdenum prices will continuous to fall down, but will not large.
The price of the main molybdenum products
Tungsten market: the market turnover of tungsten is rare; tungsten raw materials and tungsten finished products prices fell down, 65% tungsten concentrate down to 72,000 RMB/ton, APT down to 112,000 RMB/ton; eight tungsten enterprises to limit production for tungsten price increase has small effect.
The price of the main tungsten products
The price of the main tungsten and molybdenum products
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