Tungsten and Molybdenum Latest Price - July 20, 2016
- Details
- Category: Molybdenum's News
- Published on 21 July 2016
- Written by yiping
- Hits: 236
International News: German June PPI annual rate has slightly improved and inflation is still at a low position. The Brexit has significant impact on the euro area economy and European Central Bank is expected to take further easing action. Affected by Hariga protests Libya crude oil production is reducing and US oil is declining after increased and the trend will continue in the short term.
China News: The RMB against the US dollar exchange rate hovering at 6.7 or so and the bank of China will intervene at this point. IMF has improved 2016 China economic outlook, but will decrease 2017 China economic outlook. Commerce Department said retail network grew rapidly in the first half year and the transaction rebounded significantly.
Industry News: All-around easing financial policy positive effect is decreasing and based metal market fragmentation is significant. US EIA crude oil inventories unexpectedly fell again and Cushing crude oil inventories fell far less than expected. Ferro metal continues to decrease despite US dollar index increasing.
Molybdenum market: Steel bid inviting is increase, which provides a boost for molybdenum market. Molybdenum concentrate price is stable and ferro molybdenum price has improved slightly.
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 raw material price continues to go up, however the demand is sluggish and the turnover is not ideal. Tungsten finished products price has slight change.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
July 20, 2016, tungsten and molybdenum 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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