Tungsten and Molybdenum Latest Price – September 29, 2016
- Details
- Category: Molybdenum's News
- Published on 30 September 2016
- Written by yiping
- Hits: 239
International News: OPEC for the first time in eight years to reach production limitation agreement, oil prices sharply rose nearly 60%. With oil prices increase, US stocks also increase, but the debt fell slightly. FED (the Federal Reserve) called off loose monetary policy and has not ideal when will to implement.
China News: CPI is expected to rebound form the bottom in September and PPI decline range significant narrowed. Agricultural prices turn into a narrow adjustment period. The third round of the State Council inspectors is in the end and local government called for further tariff reductions. The housing price of second-tier city has soared, which has attracted high-level attention. The China government will start to fix subsidies cheating of new energy vehicles. Seven power grid construction project puts into operation this month.
Industry News: the finished product manufactures has stocked up the raw material, which stimulates copper price and hit the highest in this year. Affected by new regulations of truck limits on weight, the electric batteries are shortages in many places. China cooper import soared has lots of benefit. The aluminum price increase range is small due to oversupply. Aluminum fluoride is short in supply, so the price continues to go up in the short term.
Molybdenum market: Molybdenum concentrate transactions are flat and ferro molybdenum price continues to decline. Besides, ammonium tetramolybdate and ammonium heptamolybdate also has slight decrease. The manufactures are looking for market recovering.
The price of molybdenum main products:
Tungsten market: Tungsten concentrate price remains the same price and many manufacturers are reluctance to sale the raw material. APT price change slight and tungsten powder has small inquires. The tungsten market is weak but stable.
The price of tungsten main products:
The tungsten and molybdenum September 29, 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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