Tungsten and Molybdenum Latest Price - July 6, 2016
- Details
- Category: Molybdenum's News
- Published on 06 July 2016
- Written by yiping
- Hits: 228
International News: US May trade balance continues to deteriorate and the trade deficit has possible to increase; the United States in June Markit services PMI final value remained at the initial value and employment growth has slowed to the slowest form January 2015 to June 2016; Fed officials tone is more gentle, but the dollar has not frustrated.
China News: China June Caixin services PMI was better than expected and the service industry accounted for more than half on the proportion of China's economy; Shandong province released the opinion suggestion to support the real economy and electrolytic aluminum, iron and steel enterprises hope for supporting; many agencies expects GDP in the second quarter will maintain 6.7 % growth rate and the central bank of China will employ RRR cuts in the short term; in half year the local government debt issued over 3.5 trillion, which is close to last whole year's issued quantity.
Industry News: the metal price declines sharply and the industry has strong intentions for short-term adjustment; base metal continues to callback and London aluminum price goes up among other base metal; the US dollar goes up which gives pressure to base metal market.
Molybdenum market: currently, molybdenum concentrate inquiry is increase and the turnover also has slightly increase compared to the previous; high-grade molybdenum concentrate price is at 850 RMB / MTU and the manufacturers of molybdenum finished product purchase raw material as needed.
The price of molybdenum main products:
Tungsten market: before guide price announced, some manufacturers cut the price in advance, but the market outlook is still optimistic; tungsten raw material prices temporarily stable, but the turnover is few; the whole tungsten market is weak and many manufacture want to wait for market recovery.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
The tungsten and molybdenum July 6, 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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