Tungsten and Molybdenum Latest Price - June 29, 2016
- Details
- Category: Molybdenum's News
- Published on 30 June 2016
- Written by yiping
- Hits: 323
International News: the Britain exited from the European Union (EU) was settled and Fed to increase rate is expected to weaken; after Britain exited from EU the metal generally rose overnight, but the differentiation in different metal will be intensify; US May PCE price index compared to early months had slight decline and the annual rate PPI continued to decline; European Parliament Tuesday held an emergency meeting to urge Britain to immediately start off the European exited mechanisms.
China News: RMB reference rate fell down to 6.65, the central bank said the currency rate on a basket of currencies remained stable; many institution predicted inflation will continue not more and turn to fall down; in June CPI may return to the "1" era; CASS expected China's economy in the second quarter will increase 6.7%.
Industry: the United States last week API crude oil inventories was less, so in the short-term crude oil price will increase; countries are expected to implement loose monetary policy and effected by loose monetary policy base metals price goes up; the Shanghai tin price after reached highest price turns to fall down, among base metal it is the only one to fall.
Molybdenum market: steel industry ferro molybdenum bid inviting continue to decline, and the ferro molybdenum bidding price even low to 63,000 RMB for each ton; many manufacturers confidence suffered a serious setback and the market is still sentiment; ferro molybdenum price may continue to decline.
The price of molybdenum main products:
Tungsten market: Tungsten market is in the period of adjustment and tungsten prices will continue to cut down; tungsten powder and scrap tungsten carbide market continues weakening; the whole tungsten market is weakness.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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