Molybdenum News Center

Tungsten and Molybdenum Latest Price – November 30, 2016

Molybdenum market: Ferro molybdenum price has slight change. Ammonium tetramolybdate latest price has slight increase and ammonium heptamolybdate is similar to ammonium tetramolybdate. The whole molybdenum market is stable.

Tungsten market: The latest raw material of tungsten is unstable and there is hard to get balance between manufacturers and buyers. APT main price is 104,000-106,000 RMB for each ton. And tungsten bar has slight change. Tungsten price is stable.

International: As personal consumption expenditure and government spending rebounded, the United States third quarter GDP revised to 3.2% hits a two-year high. Dollar index, 10-year US bond yields rose short-term, but the price of gold fell. The dollar / yen rose to 113.33. The ECB implement loose monetary policy may not stimulate Euro Zone.

China: The property market tightening will continue for at least 6-9 months, the overheated city's property market volume will shrink further. The RMB against the US dollar rose for three days. Shenhua, China Coal and other main coal enterprises has signed long-term contracts with the Power Generation Group and the Power Generation Group is more looking forward to further callback coal prices.

Chile copper production in October was 445,117 tons, which falls 11.1% over the same period. Affected by sharp drop in oil prices and the US election, three-month lead and zinc decrease 6% sharply. OPEC production restriction plan may fail and oil prices plummeted 4%. Oil price adjustment window opened today may make oil price to increase. 

The tungsten and molybdenum November 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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