Molybdenum News Center

Tungsten and Molybdenum Latest Price - June 27, 2016

International News: the British exit from the euro to accelerate RMB devaluation and metal market also suffer violent impact; sharp depreciation of pound sterling, the Bank of England may expand scale to buy the debt; ECB central bank forum may trigger currency instability.

China News: the China January-May total SOE profits fell 9.6% and coal, MTR, nonferrous metal industry was losses; the contrast of Britain and the Eurozone is striking and Chinese economic structure is weak; China's central bank to implement multi-targeting, but inflation targeting is not yet to achieve.

Industry News: Freeport-McMoRan copper is in a relatively low oscillation range, so the price of copper will be further down in this year; it is said purchasing and storage of non-ferrous metals was planed recently; from January to May 2016 SOE profits continued to fall and nonferrous metal industry continued to lose.

Molybdenum market: molybdenum market remains in the doldrums; the demand of molybdenum chemical market is week, so the product is unmarketable; some manufacturers cut the production and others even stop production; in the short term molybdenum market will continue slight fall down.

Molybdenum main products latest offer

Tungsten market: the tungsten market is in the downturn and the price continues to fall down; tungsten finished products’ price also decline and the decline range is large; the turnover is poor.

Tungsten main product latest offer

Molybdenum and tungsten main products latest offer

The tungsten and molybdenum June 27, 2016 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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