Tungsten and Molybdenum Latest Price –June 15, 2016
- Details
- Category: Molybdenum's News
- Published on 16 June 2016
- Written by yiping
- Hits: 251
Macro Information: International News: Colombia Nickel labor union workers cancel strike after reach agreement of salary increases and benefits; Italy in May reconciled the CPI final value -0.30% and expected value -0.30%; this time the Fed resolution was relative calm, affected by British referendum US dollar and the euro under uncertainty is increase.
China: the Development and Reform Commission in May approved a total of 16 solid-funded projects, and a total investment was 78 billion RMB; IMF encouraged to achieve the RMB effective exchange rate freely floating objectives in a few years; the China State Council agreed to set up Jiangxi Ganjiang new district; A shares failed to come to MSCI and US dollar rebounded; RMB plunged to make new record in a five-year low.
Industry: in Baotou rare earth scientific and technological innovation priorities and projects is progressing smoothly; Fuzhou-Xiamen-chuen, the China State Council approved Fuzhou, Quanzhou, Xiamen to build national innovation demonstration zone, involving rare earth functional materials; national standards of Sintered NdFeB Surface Coating released today for seeking for opinions; from January to May Dongdu port imported copper concentrate year-on-year growth up by 13.61%.
Molybdenum market: retail ferro molybdenum is less and mostly supplies to steel-based; but from June to July is the traditional off-season, and some steel factories delayed ferro molybdenum bidding plan, so in the short term molybdenum market will slight decrease.
The price of molybdenum main products:
Tungsten market: tungsten market continues to slow down and transaction is poor; many manufacturers wait for market to recovery, so the tungsten raw material market is in the downturn, but tungsten finished products is more stable.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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