Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 5, 2016

International News: the euro zone retail sales may turn to good side and German retail sales monthly rate, annual rate significantly better than expected and the former value; US May factory orders monthly rate may weak and the new orders also further slowed to the lowest in December 2015; the end of June Britain referendum exited form the EU, the euro area economy nearly stalled.

China News: the Chinese Caixin services PMI in May is weakness, increased market expectations for Chinese economic downturn; the central bank in the second quarter regular meeting: continue to implement prudent monetary policy and pay more attention to an appropriate degree; hot property market in March and April, the demand released at the early time, in June the deal is acceptable but compared to some city the demand have slowed; State Council recently issued the notice about improving the work of private investment, and there are eighth measures.

Industry News: Overnight the base metal price sharply decline and it is hard to tell the market will not turn to good side; commodity market turns to recover and Shanghai nickel and silver strong goes up staying;

Molybdenum market: ferro molybdenum price of steel tender is under 60,000 RMB, which great attacks market confidence; in the short term the molybdenum market may continue to decline.

The price of molybdenum main products:

Tungsten market: Tungsten industry is waiting for guidance price which released by Minmetals and Ganzhou Tungsten Association and it is expected tungsten price may continue to decrease.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 5, 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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