Molybdenum News Center

Tungsten and Molybdenum Latest Price – November 24, 2016

Molybdenum market: Ammonium tetramolybdate and ammonium heptamolybdate price is stable, but molybdenum ferro has slight increased.

Tungsten market: Tungsten concentrate has decreased, which falls to 70,000 each mtu and ammonium paratungtate latest price is 106,000-108,000 RMB/ton. Tungsten powder price has slight change.

International: the Federal Reserve announced meeting summary in November, to strengthen the market expectations of increase interest rates. The United States initial value of orders in October is far more than expected, gold prices plummeted, but the dollar soared. Britain debit and credit will more than five billion pounds plans in the future five years, so the pounds will boost by the stimulus.

China: The off-shore RMB closes to 6.95, which continues to hit lowest and on-shore RMB fell to 6.91. The dollars rise sharply and commodity futures prices also soaring. Guangzhou, Wuhan, Changsha housing prices continues to go up due to buying enthusiasm. National Development and Reform Commission announced the provincial grid transmission and distribution price pricing approach greatly improve the reform.

Affected by supply and China restraining factors, iron ore and copper price is hard to increase. Commodities market is booming, but chemicals, non-ferrous metals and agricultural products may decline this year. Chinalco and the Peruvian government reached a consensus on the expansion of the Tromock Copper Project. Iraq said it is willing to join the output reduction and oil prices rise straight recently.

The tungsten and molybdenum November 24, 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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