Molybdenum News Center

Tungsten and Molybdenum Latest Price – September 5, 2016

International News: The European Central Bank September rate-setting meeting will hold on Thursday and the US financial markets will close for one day. After US August seasonally adjusted nonfarm employment reach to 151 000 and the average hourly wage rate of monthly increase 0.1%. The market expected Fed September interest rate increase may change and nonfarm payrolls have great performance, which may help for December interest rate increase. The dollar index is at 95.8, which is relatively high since mid-August. Vietnamese final determination Chinese galvanized anti-dumping tax rate is 4.02% -38.34%.

China News: The G20 summit ended yesterday, the investors have high expectation on the global economy prescriptions. The presidents Xi pointed out that the G20 should be employed structural reforms and strive to make the RMB as an international currency. The Bank of China continues to carry on 7 days and 14 days reverse repos and the same day to achieve net return about 30 billion RMB.

Industry News: Due to market corner of zinc price, this week non-ferrous metals market is recovery. The China Nonferrous Metals Industry Association meeting held On September 2 indicated the non-ferrous metals industry continues to development. US 09 contract oil still has great performance and the Saudi prince agreed to take joint action. LME copper global inventories surged 13,725 tons and canceled warrants was 40,150 tons. Zinc price has slightly increased, but the market transactions are flat. The Bank of Japan governor said there is room for monetary easing.

Molybdenum market: The molybdenum ferro price has slight decrease and molybdenum chemical products’ price has little change. The molybdenum market is stable, but weak in the short term.

The price of molybdenum main products:

Tungsten market: Tungsten concentrate remains the same price, but the finished tungsten products price has slight decreased. Compared to last week, APT price fell down to 2000 RMB for per ton and tungsten powder also continues to decline. The whole tungsten market is weak.   

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum September 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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