Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 11, 2016

Molybdenum market: Ammonium tetramolybdate and ammonium heptamolybdate price is unchange. Molybdenum oxide price has slight increased.

Tungsten market: Wolframite concentrate latest price is 72,000.00-73,000.00 RMB for each mtu. Tungsten concentrate latest price is 69,000.00-71,000.00. Tungsten oxide price has slight increased.

International: the Fed this month may not to raise interest rates waiting for Trump 4 trillion project. US consumer confidence in December hit a nearly two-year high, which is much higher than the expected 94.8, and the final value is 93.8. This is the first time OPEC and non-OPEC countries first time came to a cut production agreement and confirmed cut 1.2 million barrels for each day.

China: China's next year to revitalize the real economy and will speed up to develop real estate policy. Vanke President Yu Liang said that the property market will not fail. 2016 China's new energy vehicle production is expected to account for 40% of the global total and new energy products accounted for more than 1.6%.

A new round of environmental supervision and inspection will cover many cities, which will great affect metal enterprises. Ministry of Industry released the non-ferrous metal industry development plan (2016-2020). The commodity market turns to good side. Indian National Aluminum Company 2016-2017 alumina and alumina materials expected to increase, which is higher than the same period last year 372,000 tons. Primary lead companies operation rate has slight decreased and the overall output reduction in refinery production is greater than the incremental yield.

The tungsten and molybdenum December 11, 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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