Molybdenum News Center

Tungsten and Molybdenum Latest Price – June 12, 2016

Macro Information: International: the global bond prices soaring recently, the UK, Germany and Japanese bond yields hit a record low; the world's major central banks expected if the British referendum supports UK to withdraw from the EU then the liquidity of US dollar may sharp tightening; the United States in June Michigan consumer sentiment index was 94.3, compared with May 94.7 has dropped slightly.

China: China onshore rate was closed during Dragon Boat Festival, so the offshore rate depreciated rapidly; the bank of China yesterday released financial statistics report in May, broad money growth was better than market expectations; Chinese imports ended up negative growth for up to 18 months and at the end of May first time recorded a 5.1% positive growth of the month.

Industry: during the Dragon Boat Festival, the stock market cumulative volume of selling rate absents two days, LME zinc trend is independent from the surrounding metal; LME aluminum increased to 1623 at the first and then fell down; LME nickel market goes to stronger, and the price is more than $ 9,000.

Molybdenum market: due to China domestic molybdenum concentrate offer still remains high level, so the market is more stalemate; the manufacturers of molybdenum finished products still wait for market recover, and some small manufacturers reduce the price of molybdenum concentrate.

The price of the main molybdenum products

Tungsten market: tungsten market is running smoothly, and many businesses maintain a wait state; there are small molybdenum finished products, and market activity is low, the industry continued to hold wait and see attitude; the adjustment action of tungsten manufacturers is underpowered, so the inquiries and turnover are relatively small; tungsten market is stable but weak.

The price of the main tungsten products

The price of the main tungsten and molybdenum 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.

• < Prev
• Next >