Tungsten and Molybdenum Latest Price - July 18, 2016
- Details
- Category: Molybdenum's News
- Published on 18 July 2016
- Written by yiping
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International News: After Turkey coup, the funds has undetermined direction. The bank of Turkey has cumulative cut the overnight lending rate 175 basis points and the easing policy may further be extended. The ECB faces various choice balances and it held their first meeting on interest rates after the British exit from the euro.
China News: China released the second quarter economic report, GDP year-on-year growth was up by 6.7%. June FAI (fixed-asset investment) and private investment on year growth slipped to 9% and 2.8% respectively and social retail sales grew by 10.6%. The real estate investment rose 6.1%. In the first half of 2016 the P2P platform malignant problem was accounting for over 60%.
Industry News: the stocks have changed radically on Friday night and the regional politicalization made this situation more badly. The steel industry decades exhaust emissions cut by two thirds. The international gold prices have surged, which increase the funds risk aversion.
Molybdenum market: The recent inquiries of ferro molybdenum are increase significantly and the market is more active, but due to in the off-season, some manufacturers of finished molybdenum products still wait for market recovery. In the short term ferro molybdenum prices may increase, but the increase range is limit.
The price of molybdenum main products:
Tungsten market: The tungsten raw material prices hit the bottom and manufacturers reluctant to sell. Buyer inquiries increase slightly. And there is slightly contradictory on tungsten manufacturers, but the transactions is limit.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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