Tungsten and Molybdenum Latest Price - June 17, 2016
- Details
- Category: Molybdenum's News
- Published on 17 June 2016
- Written by yiping
- Hits: 251
International News: domestic US dollar against the RMB increases 60 basis points, onshore USD / CNY swaps curve continuous rapid rise; the Federal Reserve slows to raise the interest rates, and it is expected that the UK will not be divorced form European Union; the future is uncertain; US Treasury Secretary urges China to fulfill a promise about promoting RMB exchange rate bidirectionally fluctuation, and onshore RMB extends the losses; the British Labour Party, Mr Cox was shot and killed when he met with voters at election precinct, so UK referendum of break away form EU have to suspend.
China News: in May RMB loans increased by 985.5 billion RMB, compared with April 555.6 billion RMB growth month to month growth 77%; The RMB reference rate slightly declined 56 points, and this week the reference rate fell down 202 points; in this week the central bank 3 days continuous to pick up in capital spending and also to invest 800 billion RMB for national treasury cash deposits.
Industry: the US real estate market has good prospects, and metal market differentiation is large; the US dollar fluctuations, mostly metal price continues to fall down; Guangzhou will build 73 new energy vehicle charging stations in 2018, and a total investment is about 2.53 billion RMB.
Molybdenum market: in the steel industry the competitive price of ferro molybdenum fell down to 70,000 RMB for each ton, and ferro molybdenum manufacturers’ confidence suffered a serious setback; besides, the traditional off-season is coming, manufacturers hold pessimistic attitude expected that the price may fall down to 65,000 RMB for each ton.
The market price of the main molybdenum products
Tungsten market: the market price of tungsten raw materials declined slightly, but the turnover also has slight increased; tungsten processing factory still hold the high price, so the buyers and the sellers is in the stalemate situation; tungsten market is stable, but the price will continuous to fall down slight.
The market price of the main molybdenum products
The market price of the main molybdenum and tungsten products
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