Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 25, 2016

International News: Second quarter non-farm payrolls unexpectedly increased and Fed tend to raise interest in September or December. The first important data released on July 22 after Brexit, in July PMI is declined, where the service index declined form 52.3 to 47.4 and comprehensive index declined form 52.4 to 47.7, which affected by lack of confidence in economic. To consider giving the UK seven years immigration policy exemption was EU major concessions.

China News: the RMB raised 300 basis points in two days, strong rebound. Central enterprises coal asset management platform establishment to run, is responsible for resolving excess coal production capacity and coal industry development. G20 finance ministers' meeting held in Chengdu and national finance leaders express concerns about the global economic downturn.

Industry News: the US oil drilling resumed number increased to 371, which give big pressure on other commodities. Base metals market continues to decline. Changan Automobile sales fell sharply.

Molybdenum market: Molybdenum market is stable. Molybdenum concentrate price has slight changed and ferro molybdenum has slight increased. In the short term, the market is stable.

The price of molybdenum main products:

Tungsten market: Tungsten raw material continues to go up and tungsten finished product price also increase. But the demand is not strong than expected, so the transaction is not active.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 25, 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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