Tungsten and Molybdenum Latest Price - August 24, 2016
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- Category: Molybdenum's News
- Published on 24 August 2016
- Written by yiping
- Hits: 226
International News: US real estate data has good performance and NQCI hits new record in the history. Similar with last year raise interest rate, there are two-thirds local Fed supported to increase the discount rate. Little affected by Brexit, the euro zone August PMI initial value hits highest in this year. Iran will participate in the September OPEC meeting, which may support oil prices combined action.
China News: the Bank of China indicated that RRR is hopeless. SASAC decided that central enterprises should to solve 10% over capacity in two years. Huainan will implement tariff policy adjustments to reduce business costs. Shanghai stop to sell three lands and it is expected that in the fourth quarter the real estate market will tighten.
Industry News: Zijin Mining 100,000 tons copper smelting project settled and 50,000 tons of copper projects will be accompanied launched. Sun Cable 60,000 tons of electrolytic copper rod project settled and the next cable projects will start at the end of year. China will expand the application of copper and aluminum and actively promote reserve system construction; Zhuzhou Smelter Group debt ratio is up to 97%, which hits new record.
Molybdenum market: molybdenum ferro manufacturers have optimistic attitude and the price is about ¥ 70,000.00 for each ton. It is expected that the market is recovering and molybdenum concentrate price is stable.
The price of molybdenum main products:
Tungsten market: Affected by raw material, tungsten alloy has high offer. Tungsten alloy market is stable. Tungsten raw material is stable but the transaction is poor.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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