Tungsten and Molybdenum Latest Price – July 4, 2016
- Details
- Category: Molybdenum's News
- Published on 04 July 2016
- Written by yiping
- Hits: 222
International News: April and May non-farm payrolls dropped sharply, which great impact on financial markets; the Fed and the European Central Bank has announced June interest rate meeting minutes, but the market hoped the judgment should announce until economic clearly; after Britain referendum, EU take a tough stance, not only to stabilize the economy and politic, but also supported by European Central Bank.
China News: the Bureau of Statistics will release the economic data of June, the industry is expected CPI year on year growth rate will decline slightly from last month at 1.8 percent; the state-owned enterprises in the short term at policy intensive period, which has issued 13 specific comments; CIRC issued New Deal, insurance fund will dramatically loosen investment in infrastructure.
Industry News: the copper price great increases recently; the stock market and commodities turns to recover and the pound continues to fall down; non-agricultural continuous to decline and Fed rate increase is uncertain.
Molybdenum market: steel industry continues to cut the price of ferro molybdenum, so the market is in pessimistic atmosphere and tungsten finished product manufacturers want to wait for market recover. There are few transactions. In the short term, the molybdenum market will still weak and stable.
The price of molybdenum main products:
Tungsten market: tungsten mine has production control, so in the future the decline range of tungsten raw material price may reduce; tungsten powder and other manufacturers in order to reduce the cost purchase low grade tungsten ore; tungsten market is weak and the price will continues to slight fall down.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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