Molybdenum News Center

Tungsten and Molybdenum Latest Price – September 6, 2016

International News: Eurozone in August the services PMI and composite PMI are less than expected, but the France in August services PMI and Composite PMI hit the new 10-month high. Germany in August PMI service and composite PMI are less than expected. Vietnamese final determination confirmed China galvanized sheet anti-dumping duty. US Fed may not to increase the interest rates in September and the Bank of Japan will continue further stimulate the economic; Brexit is proceeding slowly and the effect will show up on EU economy.

China News: G20 summit ended in Hangzhou and this summit determines to improve the global economic and financial governance. The RMB exchange rate reaches to 6.7, which gives foreign capital many advantages. The third seven FTA areas are roughly delineated and the implementation waits for agreement. It is expected in the next three years China real estate will be in downstream. Sichuan and other 12 provinces will carry on power saving reform and in the end of this year will publish electrovalence.

Industry News: Codelco's Salvador mine strike affected copper production. Waste material recycling company short in scrap copper and the leading copper companies have big crisis in line production. Shanghai 1611 aluminum fell down to 12,000 RMB / ton and aluminum price will continue to decline and will face big crisis. Electrolytic aluminum overcapacity, the US and China reached a consensus during the G20 summit. Saudi Arabia and Russia jointly announced stabilize the oil market, but no frozen production initiatives.

Molybdenum market: Molybdenum market is weak and ferromolybdenum quotations fell slightly, but other molybdenum products prices have slight change. In the short-term, molybdenum market will operate stable but the transactions is flat.

The price of molybdenum main products:

Tungsten market: Tungsten concentrate price has slight decline and finished tungsten products prices also continue to fall down. Tungsten market is weak. 

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum September 6, 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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