Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 5, 2016

Molybdenum market: Ferro molybdenum concentrate price has risen slightly and molybdenum oxide is also driven by its rise. Molybdenum raw material price is unchanged.

Tungsten market: Wolframite concentrate latest price is 71,000.00 RMB for each ton and tungsten concentrate price is 69,000.00 RMB for each ton. Ammonium paratungstate is 107,000.00RMB for each ton. Tungsten products prices have slight increased and no matter how shortly after the market turns to good side.

International: The Federal Reserve interest rate increase is approaching and the market uncertainties is increase. The most US regional economies continue to expand and the overall price level has slight increase, but the wage level rose modestly. The manufacturing PMI in November final value is 54.1, which hit a new high in 2015. Fed officials release optimistic signal and generally support interest rate increase. Italy constitutional reform referendum will great affect Europe's economy.

China: The National Bureau of Statistics announced China's manufacturing purchasing managers index was 51.7% in November, up 0.5% points compared to last month. Non-manufacturing business activity index (PMI) was 54.7%, up 0.7% point. China economy is stable and liquidity in bank system is reasonable and sufficient. The Shenzhen-Hong Kong Stock Connect is officially opened today and it is expected to attract 100 billion RMB into the A-shares. After regulate and control by government the housing transactions has slight declined.

Codelco plans to invest about 3.8 billion US dollars in 2017 and continue to cut costs. China foundry industrial chain supply and demand trade summit is opened in Suzhou. Emerging industries demand is increasing and small metal prices will rise. RMB continued depreciation is conductive to non-ferrous metals.

The tungsten and molybdenum December 5, 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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