Molybdenum News Center

Tungsten and Molybdenum Latest Price – November 18, 2016

Molybdenum market: Ferro molybdenum price is stable and ammonium tetramolybdate price has slight increased. Molybdenum market is stable temporarily.

Tungsten market: Wolframite concentrate price has slight declined each ton declined 1,000 RMB. Tungsten concentrate and APT price also decline 1,000 for each ton. Tungsten market is weak but stable.

China: the National Bureau of Statistics released the data of 70 cities housing price changes in October 2016. First-tier cites and second-tier cities housing price has slight declined. Three-tier cities housing price is more stable. USDCNH hits the lowest, which is below the 6.9. The Central Economic Working Conference around the same year, the basic strategy may not change a lot. New energy development in China is booming and the profits can help the industry consolidation. There will have many policies be published for limiting housing prices soaring, but these polices are aimed at modest restrictions.

Form January to September 2016, the global copper is oversupply 124,000 tons. From January to September 2016 global aluminum market supply shortage is 806,000 tons. Copper price is going to increase and next year the copper prices will fluctuate violently.

International: the US property market, employment, manufacturing and other data all have good performance, and then Federal Reserve Chairman Yellen released hawkish speech. The Euro Zone inflation continued to rise in October and CPI final annual rate of increase in line with expectations and better than the initial value. ECB announced monetary policy summary in October and the related monetary policy will be released in December. Yellen said the interest rate increase will arrival and he does not resign before the end of the term.

The tungsten and molybdenum November 18, 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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