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Tungsten and Molybdenum Latest Price – November 29, 2016

Molybdenum market: The price of molybdenum concentrate and molybdenum ferro has slight increase, but ammonium molybdate price has decreased due to supply shortage.

Tungsten market: Tungsten raw material price is lower than cost, but APT has slight change. Tungsten powder is stable, but the whole tungsten market is weak.

International: US dollar interest rates increase cycle once again stirring the world, the central parity of the RMB on November 28 ended three losing. Affected by "Trump stimulus", OECD raised the US and global economic growth rate. The prospects after Brexit is still unknown, but Raj said there will have great risks.

China: People’s Bank of China recovery of investment 10 billion RMB, for the fourth consecutive day net return. The reverse repurchase gradually turned to net return and the interbank market, overnight repo rate and Shibor continue to go up. Shibor 14 consecutive trading days all have good performance, which hits the largest increase range in these six years. The nation's railway freight volume of 307 million tons, the railway cargo re-affirmed China's economic improvement. Resident households to buy the first set of housing applications for commercial loans the down payment ratio should not less than 35%. Bank of China money shortage is obvious and the certificate of deposit rate is soaring. Railway freight has positive growth for 3 consecutive months of, and more indicators of China's economy continue to improve. A new round of limited credit will to open: Shanghai and Tianjin both to tighten the mortgage. The four major power enterprises in central enterprises joint submission of reports calls for an increase in tariffs.

LME global copper inventories decreased by 2950 tons, copper canceled warrants 79875 tons. Anglo-American Group suspended the copper ore production of Chile Los Bronces. Zinc and lead futures continues to go up, so the regulators shot control measures. Zambia to increase 7.5% tariffs on imported copper concentrate will affect domestic smelter.

The tungsten and molybdenum November 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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