Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 13, 2016

International News: US Minneapolis Fed President Neel Kashkari released the speech about Fed raise interest rates, indicated raise interest rates is considering. The United States in June NFIB small business confidence index has rose slightly and they hold optimistic attitude on the US economic. Six local Federal agreed to raise the discount rate by 25 basis points, which is less than last December’s discount rate.

China News: China June import and export data was not well, mainly due to the weak of domestic demand. Chinese government issued a statement on South China Sea territorial sovereignty and maritime rights and interests. China Nansha Islands Mischief Reef, New Subi Reef Airport flight inspection was successful implementation. Large data meeting was held intensive and a number of policies issued will release in the second half. The most stringent new regulations of private recruitment and contract guidelines in history will implement on 15^th. Ministry of Commerce said in 2020 the average annual growth of social consumable retail is about 10%. Land Department issued a document to promote the development of territorial resources big data applications.

Industry News: the United States last week API crude oil inventories unexpectedly increase while had little impact on the oil market; South China Sea situation has stimulated the market and the stork has turned to good side, but Shanghai tin fell slightly; EIA Association raised 2017 US oil demand growth forecast, supporting oil prices to return form the bottom; Baosteel Group plans to reduce steel overcapacity 9.2 million tons before 2018.

Molybdenum Market: Molybdenum chemicals and molybdenum finished product stable running during this period, but the demand of finished products is not much, so the transactions are small and manufacturers’ production is as required. The whole market is weak but stable in the short term.

The price of molybdenum main products:

Tungsten market: the shrinkage of tungsten price is slow down, but it has little effect on market recovery. Tungsten concentrate was adjusted narrow amplitude and tungsten finished products price and transaction is hard to increase,

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 13, 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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