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Tungsten and Molybdenum Latest Price – December 6, 2016

Molybdenum market: Molybdenum raw material price is unchanged. Ammonium tetramolybdate and ammonium heptamolybdate price has rose slight. The whole molybdenum market is brighten.

Tungsten market: The guide price of Ganzhou Tungsten Industry Association released in December, tungsten concentrate price has slight increase, ammonium paratungtate and tungsten oxide price unchanged. The whole tungsten market is good and stable.

International: Italy referendum has comparatively less effect on economic. The Dow closing hits a new high and the European debt fell slightly. US ISM non-manufacturing index in November was 57.2 creates a new high since October 2015. US stocks are unstable and the Dow expanded to 102.05. New York Fed Chairman Dudley delivered a speech in New York in support of a gradual rate hike.

China: The Shenzhen Stock Exchange and the Hong Kong Stock Exchange sounded the opening bell announced the official opening of Shenzhen-Hong Kong Stock Connect. After two months strict regulate and control many property sales fell to an 18-month low. Energy automotive industry is stable, so the subsidy policy should gradually give way to the market.

Tongling Nonferrous Metals Group to invest the project of annual output 20,000 tons of ultra-thin electronic copper foil for high-precision energy storage used has officially signed. In November copper price rose because of Trump's victory. Copper prices may through Fibonacci support testing the price may up to 5,500 US dollars / ton. OPEC oil production records a new high and Brent crude oil rose to 16-month high.

The tungsten and molybdenum December 6, 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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