Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 22, 2016

International News: the United States last week jobless claims were lower than expected and the labor market is still strong. July New York, Philadelphia Fed manufacturing index is successive weakening and US dollar hit a new low intraday. ECB will reduce the rate in the short term and quantitative easing policy will continue until to achieve inflation and sustainable adjustment.

China News: the RMB exchange rate raised 300 basis points in two days and the market expected that the 6.7 is the bottom line of Bank of China. The first half of year the fixed investment of highway and waterway reached 781.3 billion, year-on-year growth of 8.7%. Samsung has positive attitude on China automotive lithium battery market, so they invest 3 billion RMB to hold nearly 2% stock in BYD.

Industry News: The Bank of China intends to expand the easing policy, which stimulates market enthusiasm. The US dollar fell slightly after a two-day losing streak and based metal mainly increased. Overnight crude oil has declined after sharply increased and the oil price will continues to decline in the short term.

Molybdenum market: Molybdenum concentrate and ferro molybdenum price is stable and the transactions have slight increased. It is expected that market will steady operation in the short term.

The price of molybdenum main products:

Tungsten market: Tungsten raw material price continues to go up, which improves market confidence, but the demand is poor, so the rising trend of tungsten concentrate may slowdown. Tungsten scrap price and activeness has slight improved.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 22, 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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