Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 16, 2016

International: Affected by dollar appreciation the RMB has great pressure on devaluation and the People’s Bank of China stopped to receive the money from the market. Affected by US dollar continuous appreciating the oil price has great pressure. Thursday the oil price was conflicted, but a barrel of oil price is still more than $50. The NDIW is up to 20 thousand points and the US dollar hits the 14-year new high. The US CPI year on year increased 1.7%. The Federal Reserve (FED) announced that the benchmark interest rate increased 25 basis points, from 0.25% - 0.5% to 0.5% - 0.75%.

China: China in 6-month reduces to hold US debt and Japan became the largest Creditor. Power Supply Bureau of Shunde invested 1.15 billion RMB to build Shunde High-tech Zone supporting power grid. Car purchase tax will extend for one year, but the preferential efforts will halve.

LME global copper inventories increased by 17,175 tons, Singapore increased 14,450 tons to 54,450 tons. Lead prices fell and affected lead ingot hard to sales. Affected by financing, project complex and environmental pressures, the Chilean National Copper Company decided to adjust the giant copper project investment plan. 15 aluminum giants cooperation together to deal with aluminum prices plummeted, increase inventory and control shipments. Affected by US dollar great appreciation the oil price has great increased.

Molybdenum market: Ammonium tetramolybate and ammonium heptamolybdate price remain the same price and molybdenum raw material has slight increase.

The price of tungsten products

The tungsten and molybdenum December 16, 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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