Tungsten and Molybdenum Latest Price - June 27, 2016
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- Category: Molybdenum's News
- Published on 28 June 2016
- Written by yiping
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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
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