Molybdenum News Center

Tungsten and Molybdenum Latest Price - July 27, 2016

International News: The US housing market has good performance and the housing demand is steadily rise. US June Markit manufacturing PMI initial value hits a new three-month high after long term stayed at the low place, so that durable goods orders might improve. July Richmond Fed manufacturing index is good than expected indicated US manufacturing sector continues to recover. Japan may through fiscal spending to support the economy and it is expected that the Bank of Japan interest rate may maintain the original decision.

China News: the Chinese June large scale industrial producer price index has declined month on month and the profits of industrial enterprises is difficult to improve. HKEx wants to establish LME certified delivery library in the China Mainland to reduce the Mainland real enterprise international metal trading cost. Affected by rainstorm in these days some metal enterprises have ceased production and rail freight has delayed.

Industry News: the United States last week API crude oil inventories fell slightly which is less than expected and previous value. The US 09 oil has fell slightly. Tuesday Asian ferro metal price was high, but based metal market was teoid. Collective bulk goods market rebound, and there is good news and bad news on the stock of based metals. Affected by black swan events, the metal mining industry is hard to development. The world's top five mining companies in three intensify efforts to sell assets, commodity prices rise is regarded as short-lived.

Molybdenum market: Molybdenum market is weak but stable. Molybdenum concentrate maintains the original price, but ferro molybdenum concentrate has slight decreased. In the short term molybdenum price may not increase.

The price of molybdenum main products:

Tungsten market: Tungsten raw material supply has shrunk dramatically, resulting in tungsten concentrate prices soared. Tungsten finished products transaction is good and APT prices continue to rise sharply. Tungsten market is recovering but the risks can not ignore. Besides, there is a huge difference between raw material and finished products.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum July 27, 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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