Tungsten and Molybdenum Latest Offer - June 21, 2016
- Details
- Category: Molybdenum's News
- Published on 22 June 2016
- Written by yiping
- Hits: 238
International News: the dollar index continues to fall down within two days, the RMB reference rate continues to go up in two days created a new recorded within two week; the support rate of Britain to stay in EU is increasing, and the support rate was bout 53 to 47; pound rose to a new high record and the European stock markets also rose sharply; the Bank of Japan declared in order to achieve the inflation target or will further relax governance.
China News: the enterprises of regeneration lead battery met at SMM Internet Plus to explore new market transaction mode; large-scale Chinese enterprises overseas mergers and acquisitions will cause accelerated outflow of foreign exchange reserves; the devaluation pressure of RMB is controlled, and the average of base metal was restricted, which increased the suspect of base metal price increase; the CBRC encourages and supports to guide private capital into private banks.
Industry News: it is expected that nickel and iron market will increas; Baotou Rare Earth Research Institute successfully developed BRE-02 series of rare earth compound stabilizer; in March the global demand of copper was increase, and now is short in supply; antimony has been incorporated into the national purchasing and storage program, and the State Reserve Bureau will purchase and storage antimony ingot 10,000 tons this year.
Molybdenum market: molybdenum market is stable, but weak, and holding the high price for price to go up continues to play down; ferro molybdenum manufacturers have strong willingness to sale, so they start to make price adjustment, promoting the transaction, but no improvement in the demand of molybdenum finished products; in the short term the price will continues to decline.
The price of molybdenum main products
Tungsten market: Despite the tungsten market demand continues to slump, tungsten manufacturers still holding the high price, so sodium tungstate, ferro tungsten and other product prices temporarily maintain stability, but weak; raw material tungsten concentrate prices is continues to fall down, and 60 degrees tungsten concentrate price is about 68,000.00-70,000.00 RMB for each ton.
The price of tungsten main products
The price of tungsten and molybdenum main products
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