Tungsten and Molybdenum Latest Price – September 30, 2016
- Details
- Category: Molybdenum's News
- Published on 30 September 2016
- Written by yiping
- Hits: 262
International News: the United States in the second quarter GDP final value compared to previous value has increased 0.3 % to 1.4%, which is as an optimistic signal for the economic outlook. Yelen rakes up the Fed tools and indicated to buy stocks and corporate bonds is good for market recover. The United States August housing selling after July increased continued to decline hits the second low in 2016. Germany September CPI initial annual rate continues to improve and loose monetary policy is taking effect.
China News: The RMB as the member of SDR. Wang Jianlin said in an interview of US that China real estate is the largest bubble in the history. China fist September new financial data and September Caixin manufacturing PMI is similar which is in the expected and give based metal market confident. OPEC is finished and there is little chance for China domestic oil prices to fall down.
Industry News: Due to stock up, the price of aluminum continues to increase, but the increase range of cooper is flat. Asian commodities and energy demand rebound and infrastructure is conductive to price go up. US Department of Commerce continues to ask for China export stainless steel, cold-rolled plates, corrosion-resistant steel and other steel products high taxes, countervailing duty rate as high as 210.5%. Baise Mining Group Co., LTD electrolytic aluminum production reached 300,000 tons and 10,000 tons of refined aluminum project is going to start.
Molybdenum market: Molybdenum concentrate remains the same price and ferro molybdenum has little high price offer, so a majority of orders are sold at low price. Molybdenum bar price is low and inquires also little.
The price of molybdenum main products:
Tungsten market: Tungsten concentrate price is stable and APT manufacturers are reluctant to sale the products. They are still wait for price go up and ferro molybdenum transaction also small. It is expected that tungsten market will recover in the short term.
The price of tungsten main products:
The tungsten and molybdenum September 30, 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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