Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 8, 2016

International News: the base metal price under high pressure continues to fall down and both the outer dish and inner disk were decline; US June non-farm payrolls are expected to increase, which also boosts the US dollar; Brexit negative effects spread to the euro zone and it is expected that the economic will at the downturn state in the short term.

China News: in the next half of year the property market will welcome the short-term adjustment, and the housing enterprises may face credit default risk; Development and Reform Commission to support business transformation and improve the two-part basic electrovalence execution mode; the RMB continues to decline, China to improve long-term foreign institutions foreign exchange costs.

Industry News: last week two largest US crude oil inventories have been reduced and the market speculation the oil market may decline, so the oil price will start to adjustment; the auto imports continues to fall down, and the falling demand hinder dealer to adjust inventory.

Molybdenum market: molybdenum concentrate transaction has increased, but turnover is still small; the manufacturers of molybdenum finished product purchase raw material as needed and the current price of molybdenum concentrate is 800 RMB, but the price is not stable; the ferro molybdenum steel factory tender price is down to 60,000 RMB or less, while ferro molybdenum manufacturers price is stable at 60,000 RMB, but some manufacturers offer was less than 60,000 RMB and the market price is 59,000 RMB for each ton. Recently, molybdenum market is week and the turnover is small; in the short-term the molybdenum market may stable or slight falling.

The price of molybdenum main products:

Tungsten market: tungsten demand is rare; APT and powder manufacturers will cut the price, but the transaction is small; in July the tungsten market still in weak.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 8, 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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