Tungsten and Molybdenum Latest Price - July 29, 2016
- Details
- Category: Molybdenum's News
- Published on 01 August 2016
- Written by yiping
- Hits: 216
International News: Compared with the previous value Germany July CPI initial annual rate has substantially improvement, hitting the largest value in 2016. Euro zone July consumer inflation is expected to decline compared with previous value and the ECB may continue to implement easing policy. US labor market has good performance and second quarter GDP expected to have greatly improved.
China News: The Chinese Ministry of Commerce researcher said stabilizing commodity prices is G20 priority, as far as possible to limit international capital highly speculative on commodities. The bank of China policy may push foreign exchange market and oil price hits three-month low. Local economy in the first half reports will gradually to release and Eastern China increase range is slowdown.
Industry News: Affected by the Fed weaken interest rate increase, the based metal stock suffered a lot. Shanghai lead fell slightly. The Bank of Japan held interest rate decision meeting and it may exacerbate based metal fluctuations. Iran crude oil exports is large than market expectations and the United States oil 09 contract may continue to decline. In the first half aluminum price gradually rise to reasonable range to achieve overall profitability.
Molybdenum market: Currently molybdenum market has no big fluctuations and purchasing enthusiasm is also no high, so the transactions are flat. In the short term, the market is stable to operate.
The price of molybdenum main products:
Tungsten market: due to tungsten raw material cost increase, tungsten concentrate price raised ¥ 1,000 for each ton and tungsten finished products maintain the same price. The merchant of tungsten scrap is reluctant to sale, looking for better time, so the purchase prices continue to rise.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
The tungsten and molybdenum July 29, 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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