Molybdenum News Center

Tungsten and Molybdenum Latest Price – September 14, 2016

International News: the Bank of China openmarket has restarted the 28-day reverse repurchase operations and the successful rate has cut 5 basis points to 2.55%. August the main economic indicators were all recovery and the companies were all stable, which improves the investment confidence, the annual GDP approaching 7%. Recently, first-tier cities and second-tier cities housing prices soaring, real estate investment is hot, but it has high risks.

The new round of power reform operation will full speed ahead. China 13 provinces (districts and municipalities) announced electricity reform programs. International oil prices have large fluctuation in the short term, which affected by a lot of negative factors.

China News: The Fed Governor Brainerd published dovish remarks indicated the Fed September interest rate increase is hard to achieve. German September ZEW economic sentiment index unchanged from the previous value indicated economic growth tends to flat and stable. IEA monthly oil report released on Tuesday give US 10 oil contract lots of pressure. Euro zone July industrial output has slight decreased, but July manufacturing PMI final value is better than the initial value. The Dow fell more than 250 points and ten-year US bond earnings hit 6 months highest.

Industry News: LME global copper inventories fell 825 tons to 353,375 tons and LME copper canceled warrants 56,375 tons. Fed officials have re-released confusion signal given the bulk goods including precious metals market pressure. Good economic data of China is good for metal market but it is limit, so many Chinese investors may withdraw from the market and the market may tend to flat. Affected by excess production capacity, copper rod industry operating will increase the risks. The party newspapers indicated the event of aluminum exportation is to make trouble out of nothing, which is not goof for global economic. Russia's largest nickel producer admitted pollutants leak, which great pollutes arctic’s rivers. The Commerce Department of China expresses strong dissatisfaction on US released China stainless steel strip dumping preliminary determination; China aluminum pot in the first half net profit increase of nearly 60%.

Molybdenum market: Molybdenum concentrate offer is firm and the market has slight increase. Affected by steel bid inviting ferro molybdenum price may continue to fall. It is expected molybdenum market will recover in the short term.

The price of molybdenum main products:

Tungsten market: Tungsten alloy market is stable and some products offer is firm. Tungsten concentrate price has slight increased. It is expected that tungsten market will turn for the better.

The price of tungsten main products:

The price of tungsten and molybdenum main products:

The tungsten and molybdenum September 14, 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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