Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 15, 2016

International: The Fed lives up to expectations in December last year to raise interest rates for the first time in this year and it is expected that the Fed will increase interest rates three times in 2017 and in 2018 will also raise interest rates three times. The US retail sales, industrial output and business inventories and other data in November are performing poorly and the appreciation of dollar may stimulate the economic of US. The United States EIA crude oil inventories fell four weeks, but the decrease range of oil prices has become narrowed.

China: The central economic work conference set next year GDP target at 6.5%. New credit in November was 794.6 billion which is more than expected, and the mortgage accounted for 70%. New energy vehicle Technology Roadmap released by CSAE, it is said China ZhongwangHoldings Limited has bright market prospect.

The Ministry of Industry issued renewable lead industry standard to promote industrial restructuring and industrial upgrading. The zinc prices soared more than 70%, which may conductive to the demand of China and India on high quality cars. In October global zinc supply shortfall narrowing to 17,000 tons, the global lead market supply in October is over 11,000 tons.

Molybdenum market: Ferro molybdenum price remains in the same level. Ammonium tetramolybate and ammonium heptamolybdate price has slight change. The whole molybdenum market is stable.

Tungsten market: Tungsten price is stable and has slight increase. Scheelite concentrate latest price is 70,000.00-72,000.00 RMB for each mtu and wolframite concentrate is 72,000.00-74,000.00 RMB for each mtu. Ammonium paratungstate newest price is 10,900.00-11,100.00 for each ton. Medium grain tungsten carbide powder price is 172-175 RMB for each KG.

The tungsten and molybdenum December 15, 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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