Tungsten and Molybdenum Latest Price - July 19, 2016
- Details
- Category: Molybdenum's News
- Published on 21 July 2016
- Written by yiping
- Hits: 218
International News: US June house market had good performance and in the short term the market will stable to operate. July Sentix euro zone investor confidence index has plunged, but the Germany and the euro zone in July ZEW economic sentiment index has continued to fall. NAHB housing market index rose In June and there was house buying hot in May. The attempted military coup in Turkey without success last week, but the relationship with the United States is better than before.
China News: The onshore RMB against the US dollar fell below the 6.70, hitting a 6-year low. The bank of China carried out 227 billion RMB to support MLF operation and this is the ninth RRR cuts in this year. In the first half of year 54 provinces and cities have forced to destocking and 70 city house prices rise range has continued to decline. New electricity reform will be launched important initiatives and electric powder plans will implement in recently.
Industry News: Overnight based metals have good and bad news and the differentiation trend will continue. Beside, the factory operates with high pressure where the market is unstable. Affected by ferro metal declining sharply the base metals stock is also not well. Nigerian National Petroleum Corporation pipeline suffered future attacks and the United States oil continues to weaken. Australian made rapid review final decision of anti-dumping and countervailing of China aluminum made products and the adjudication upheld the case of the original anti-dumping and countervailing measures.
Molybdenum market: On the occasion of the molybdenum market downturn, ferro molybdenum has slight declined and the transaction is small. Besides, the market will not recover in the short term and the price will have slight change.
The price of molybdenum main products:
Tungsten market: Tungsten market holds the price at high level, so the price of raw materials has improved and tungsten finished product price increase as well. APT raised 1,000 RMB for each ton. The industry is optimistic.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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