Molybdenum News Center

Tungsten and Molybdenum Latest Price - August 2, 2016

International News: The two major US manufacturing PMI release confusion signal indicated real estate market has good performance and high index. June construction spending fell for three consecutive months and the second quarter GDP performance significantly less than expected. Fed officials’ speeches have differences, which has some effect on the financial markets policy formulate. UK July manufacturing PMI final value fell sharply and the Bank of England may enhance easing policy. Germany and Eurpo ​​July manufacturing PMI final value both better than expected and initial value and the Bank of Italy crisis temporary turn to good side. French and Italian manufacturing PMI has weak performance, which may hinder euro area's economic development.

China News: The bank of China July carried out MLF operating ¥ 486 billion to financial institutions and it can obtain MLF5290 billion RMB after expire. In the first half of 2016, China new RMB loans were up to ¥ 7.53 trillion and the difference of M1 and M2 growth rate continues to widen. One month Shibor fell 24 days, indicating that the market funds are sufficient. The base metal is stable which supported by easing monetary policy, and some base metal has good performance.

Industry News: The US crude oil inventories hits the highest in the history form 1997 and gasoline inventories recorded highest value since April. Oil drilling platform increased for 5 weeks and crude oil prices may turn to decrease. August 1 LME global copper stocks rose 625 tons and LME copper canceled warrants is 63,225 tons. Fundamentals and financial side both has good performance and the differentiation trend of base metal is expected to continue go on.

Molybdenum market: Molybdenum market is stable. And the molybdenum concentrate price remains is about 950 RMB/ton and the ferro molybdenum is about 68,000 RMB/ton. And molybdenum chemical products have slightly risen.

The price of molybdenum main products:

Tungsten market: August tungsten guidance price will be released in these days and the industry generally expected the market will continue to go up. APT prices sharply rose and the increase range is about 4,000 RMB for per ton. Tungsten finished products price remains stable.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum August 2, 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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