Molybdenum News Center

Tungsten and Molybdenum Latest Price - August 15, 2016

International News: Many The Chinese data received many pessimistic interpretations and the SU dollar index wins back investors confidence. In this week, the Fed will announce July Fed's interest-rate summary, which will impact the progress of increase interest rates during the year. US July retail sales rate has zero growth and PPI monthly rate recorded the largest decline in the past year. The World Bank will issue 2 billion SDR bonds, releasing devaluation pressure.

China News: China July fixed assets investment, housing investment, retail sales, industrial added value and financial and credit data released, the bearish effect is obvious; July M2 grew 10.2%, and only has ¥ 463.6 billion loans. The total financial leverage centralized on the real estate market, so investment failure is not surprising. Shenzhen-Hong Kong may announce early this week, December can achieve Shanghai, Shenzhen and Hong Kong stock interoperability. Real estate index fell slightly and major cities speed up adjustment.

Industry News: The crude oil market rebounded sharply and the base metals fluctuated more likely to continue. Saudi Arabia expressed some information of September the OPEC and non-OPEC countries frozen conference and crude oil prices rebounded last week from the half line to 6%. Some part of traditional industries is stable and iron and steel, nonferrous metals and other is recovering. EU launches anti-absorption investigation on Taiwan originating stainless steel plates. The Las Bambas copper end of June produced 87,000 tons of copper concentrate. Dongying port in the first half imports copper ores and concentrates increased 4 times.

Molybdenum market: China domestic market is stable temporarily and molybdenum concentrate has high offer. Molybdenum ferro prices have continued to rise and the market has positive attitude.

The price of molybdenum main products:

Tungsten market: China domestic tungsten price continues to decrease and the main tungsten concentrate offer is 70,000.00~72,000.00 RMB/MTU, temporarily unchanged. Tungsten powder and other products prices have slight change.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum August 15, 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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