Molybdenum News Center

Tungsten and Molybdenum Latest Price – September 12, 2016

International News: The attitude of Fed officials on interest rates will affect the strength or weakness of the dollar and there is great chance for September to increase the interest rate. Euro-zone economy is still slow recovery and the default of Greece may show again. The impact of Brexit on British economy will then weaken as the time goes by and the Bank of England September interest rate decision followed ECB. The fear index hits two-month highest and the global stock and bond market is at the highest alert.

China News: the Bank of China at open market ended funds withdrawal operation has increased the quantity of 28 days reverse repo. Recently, overnight Shibor interest rates continue to soar, however it is expected there has little chance to cut the interest rates. August nationwide land prices amount of increase was over forty percent and the first-tier cities land price was doubled.  Gansu has promoted the reform of electricity and reducing annual electricity costs are expected to exceed 4 billion RMB.

Industry News: US 10 oil contract has been suffered and these two crude oil inventories have possible to leap-fogging. LME global copper warehouse stocks surged from 12,375 tons to 350,600 tons and Klang, Malaysia copper warehouse stock increased form 1,475 tons to 32,900 tons. The US dollar is still subject to daily, weekly, monthly KDJ and the stock of base metals continue to decline followed last Friday situation. Yangtze River Economic Belt to exploit the domestic demand of middle and upper reaches of Yangtze River can overcome market barriers. Due to copper prices decreased 2016 Congo copper production is down by 1.7%; Anglo American Los Bronces copper mine workers went on strike. Xi-Obama Summit indicated electrolytic aluminum over production and in this year the production may continue to increase.

Molybdenum market: Steel bid inviting price is still at low level and ferro molybdenum price has slight decrease, the market and the transaction are flat.

The price of molybdenum main products:

Tungsten market: The inquiry of tungsten prices continue to be suppressed and the offer also continues to decrease. The transaction is flat and many buyers still wait market to recover.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum September 12, 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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