Tungsten and Molybdenum Latest Price - July 11, 2016
- Details
- Category: Molybdenum's News
- Published on 12 July 2016
- Written by yiping
- Hits: 473
International News: The US June non-farm payrolls released on Friday, reversing the decline of the previous two months. The Bank of England to raise interest rates from verbal intervention to stall the implementation for preventing future economic to sharply decline and it is expected the bank of Britain is more likely to cut the interest rates on Thursday. International is more focus on three Fed Chairman Sandra Pianalto, Loretta Mester and Esther George’s speech. The British government refused the second Brexit referendum.
China News: The Chinese macroeconomic data slight declined at the beginning of the second quarter, which not stimulates more economic growth. Exports have not benefited from the RMB devaluation and private investment is not going well. Besides, retail spending is slowdown, but the risk of local debt is increasing. The second quarter economic data will release at this week and the agency forecasted that the growth rate will be 6.6%. China June PPI year on year fell down 2.6% and declines 52 months.
Industry News: The based metal price is unsettled, mainly relying on the market change. The oil price hits a record and now has significant callback, which brings the large pressure to based metals. Non-ferrous metal industry the main business income is 2.2074 trillion RMB, ranked second among 12 industries.
Molybdenum market: Despite some large mining companies raised the price of molybdenum concentrate, but some industry insiders believe that it is difficult to raise the price. Besides, it is said this time the price increase is only temporary, which can not last long, and after steel bid inviting the price may fall down.
The price of molybdenum main products:
Tungsten market: the price of tungsten raw material is unsettled and the turnover is small. Minmetals and Ganzhou Tungsten Association Industry issued tungsten guidance price in July. Compared to the quotation of June the price was decrease and basically coincide with market price.
The price of tungsten main products:
The price of molybdenum and tungsten main products:
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