Molybdenum News Center

Tungsten and Molybdenum Latest Price - June 14, 2016

Macro Information: International News: the Orlando shootings also made the United States geopolitical situation more tense than before, and the Fed's June meeting of interest rates announced the resolution is coming soon; there is deep concern that British retreats from Europe, and the international price of gold recorded 4 times increase; Cuba's efforts to reduce the nickel industry cost of production, to offset the impact which brought form downturn in global nickel prices.

China News: affected by devaluation pressure on Monday, Shanghai Stock Exchange the whole line of metal was increase; Chinese private investment growth rate is declining which makes China economic growth, and the main reason is ROI decline; the metal price of Shanghai Stock Exchange may reproduce differentiation, and RRR and interest rates reduction will likely hard to decided.

Industry News: US made full sunset review affirmative final determination on Chinese and Mexico of seamless refining copper pipe; seamless refining copper pine import will damage to the US domestic industry; the steel gross profit per ton dropped back to 1 RMB, and most steel enterprises have been loss; in May automobile sales rose by 9.75%, and the new energy vehicles increase fast.

Molybdenum market: molybdenum concentrate at the high price is hard to deal, and ferro molybdenum is commotion in price; at the earlier stage the ferro molybdenum price at low price, now many manufactures eager to profit, so they are selling ferro molybdenum with low price, abd the price of ferro molybdenum now is more in the 72,000.00-73,000.00 RMB/ton.

The price of the main products of molybdenum:

Tungsten market: many manufactures of tungsten finished products willing to hold the price of tungsten finished products to stabilize tungsten market, but the price does not rise; tungsten raw materials and tungsten finished products price continues to slight fall down and many buyer still hold see and wait attitude, so the transaction activity is low.

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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