Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 26, 2016

International News: The United States in July IBD and University of Michigan consumer confidence index are lower than expected and former value, so it is expected that the possibility of weakening in the future is high. July existing home sales in the United States was better than expected and the new home sales may improve as well. Today the United States convoked a meeting of July FOMC rate decision and it is possible to release hawkish rhetoric. Japanese media said Japan may double the fiscal incentive scale and after the news released the rate of yen against US dollar is slight decline in the short term.

China News: The 10-year national debt benefit continues to decline, so the market is unstable. In Shanghai Stock Exchange the repo rate of pledged-style national debt continues to rise and overnight funds is hard to borrow. Besides, the cost of capital and maturity mismatch is increase. G20 high-level tax seminar was ended and the real estate taxes may employ faster. Henan province Development and Reform Commission issued a notice, which supports the province's largest industrial enterprise transformation.

Industry News: Nanjing new energy automotive industry's main revenue doubled where has well prospective. Rusal began to inspect FRIGUA aluminum oxide factory and the inspection is expected on September 2 to complete. Compared to last year second quarter profit, Grupo Mexico in the second quarter net profit fell by 4.3% and peso devaluation. Non-ferrous metals industry is not good, but the market has continued to rise slightly, but it can not support the industry to recover.

Molybdenum market: Supported by the ferro molybdenum and molybdenum chemical enterprises active to procure the raw materials, molybdenum concentrate transactions are increasing and the prices is increasing as well. 20 mesh molybdenum concentrate price has slight increase. 40% ~ 45% molybdenum concentrate price is about 840-860 RMB/MTU, each mtu increased 10 RMB. Molybdenum oxide prices go to 940-950 RMB for each mtu.

The price of molybdenum main products:

Tungsten market: The manufacturers of tungsten raw materials continue reluctant to sell.  Tungsten concentrate price is about 70,000.00 RMB for each ton currently and in the further the price may continue go up. Supported by raw material price increased, tungsten finished product price is also increase. The market is temporarily stable.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 26, 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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