Molybdenum News Center

Tungsten and Molybdenum Latest Price – September 13, 2016

International News: Fed Governor Brainard said the Fed should be careful and do not to raise interest rates too fast. His dovish speech boosted US stocks. US Department of Commerce 12^th announced the preliminary results determined China stainless steel sheet and strip importation is dumpling behavior. The impact of Brexit on British is gradually to subside, but the Italian banking sector crisis has gradually emerged.

China News: the State Information Center's economic forecasting department released a report indicated it is imperative to promote the reform of state-owned shares reform. September 12 the bank of China operates 70 billion 7-day reverse repos RMB and 45 billion RMB 14 days reverse repos at the same time. New energy vehicles gradually becomes popular in China, so Beijing, Tianjin and Hebei have some pilot residential quarters installed charging pile. There are more than 10 provinces electricity reform pilot program is approved and the business of selling electricity opens to social capital.

Industry News: The traditional demand reduction makes business cost to increase and there is fierce competition in the industry of enameled wire. China Nonferrous Metals Industry Association meeting indicated non-ferrous business has great difficulty on financing. Poland 2017 may decrease Polish Copper Group mining tax and KGHM retained its assets in Chile. 2016 sixth secondary storage battery Summit & Trade Conference held to discuss prospects and secondary lead battery industry chain in various sectors market developments. G20 summit concluded in Hangzhou, the problem of electrolytic aluminum over production is more serious.

Molybdenum market: Molybdenum raw material price is firm, but there is big resistance on market. Ferro molybdenum price has slight increase and the inquiry is also increase. It is expected that the market is going to recover.

The price of molybdenum main products:

Tungsten market: Tungsten market is weak and in the short term it is hard to recover. Tungsten raw material and tungsten finished products prices remain the same offer, but the inquiry and transaction are flat.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum September 13, 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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