Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 19, 2016

International: The US housing starts and building permit data in October to significantly improve, but the tight supply of the property market situation has not improved significantly. the Bank of England published a working paper on Friday indicated the Chinese mainland, Hong Kong, Japan, and other Asian countries after 2008 global financial crisis has became too vulnerable to stand financial shocks. Two senior officials of the Federal Reserve released hawkish view and Brad said next year should be considered to reduce the scale of debt.

China: The work in 2017 will focus on deepening the supply-side structural reform and will continue to de-capacity, de-stocking, de-leverage and cost declining and improve weak links. 2017 positive fiscal policy may increase the deficit rate. Affected by external factor China's economic decreased and this year's the growth rate is lower than 6.9%. De-capacity should more strict to close down outdated production facilities. The party newspaper said it is a good way to use tax to limit real estate speculators.

international oil prices approaching a new high of 17 months, which is conductiv to oil production countries to comply with production agreement. The stock of base metal has weak performance and gold and silver price also decrease sharply. LME global copper inventories increased 11,775 tons. Chuquicamata copper mine of Codelco reached a new salary agreement. Peru's Finance Minister said they will speed up copper production in order to seize the opportunity for rising copper prices. Mexico copper and silver production fell in October. The southwest of China first batch of aluminum futures delivery point was established in Chongqing.

The price of molybdenum price

Tungsten market: Scheelite concentrate latest price is 75,000.00 RMB for each mtu, which increased 1,000.00 for each mtu. Ammonium paratungstate newest price is 11,300.00 RMB for each ton, which increased 1,000.00 for each mtu. Medium grain tungsten carbide powder is 176  RMB for each KG.

The tungsten and molybdenum December 19, 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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