Tungsten and Molybdenum Latest Price - August 12, 2016
- Details
- Category: Molybdenum's News
- Published on 16 August 2016
- Written by yiping
- Hits: 207
International News: US unemployment claims fell slightly early last week indicated that US has the good employment situation. July import price index rate has improved and the inflation performance will continue to improve. Fed President Williams released hawkish speech indicated the Fed should to raise interest rates in the year.
China News: the Bank of China on the 11th increased reverse repurchases volume and the capital turns to loose. Nanjing Suzhou has introduced new regulations and the government speed up second-tier market adjustment. Due to G20 summit, some part of the copper company will stop production. July the new energy passenger car sales increased 162% and the support policies continue to be put up. Yangshan 13th Five Year Plan indicated that they will invest 300 million on power grids.
Industry News: the overnight US dollar increased and the base metal has some fluctuations. Lightweight car has huge potential market, which great support aluminum and magnesium processing enterprises. IEA reduced next year global crude oil expectations and Saudi Arabia's energy minister announced to participate in the frozen negotiations. The Dow, the S & P 500 index, the Nasdaq composite index all hit the highest of closing quotation and oil prices record biggest increase range in three months.
Molybdenum market: Molybdenum concentrate market is stable, but the demand of ferro molybdenum market is poor and the transaction is flat. Molybdenum chemical market is not well, so the whole molybdenum market is weak in the short term.
The price of molybdenum main products:
Tungsten market: Tungsten concentrate fell slightly and the price is stable. Tungsten finished products transaction is poor and the demand of tungsten scrap is small.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
The tungsten and molybdenum August 5, 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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