Molybdenum News Center

Tungsten and Molybdenum Latest Price – December 20, 2016

International: Federal Reserve Chairman Yellen released hawkish speech indicated the US job market has reached the strongest level in nearly a decade. The Euro Zone in November CPI initial annual rate hits 2 years high point, which is in line with expectations and better than the previous value. The yen is weakness and the stock market has risen. It is expected the Bank of Japan may do anything.

China: Last week the People’s Bank of China in the open market to turn net capital investment and re-MLF liquidity operations on Friday, but the market funds tension situation is continues. Since October there are 21 China cities property market regulation initiatives continue to bear fruit, and in November China's new and second-hand housing prices increase range has became slowed. Thirteen five strategic emerging industry planning issuance will cultivate five 10 trillion industries. The People’s Bank of China in the first quarter of next year will include the extra-balance sheet financing into general credit. 50 city house prices are decreased and the agency said the property market inflection point has been clear. New energy vehicle sales are growth year after year.

The steel and nonferrous metals factories violate production regulation to accelerate weed out and partial factories should rectify and reform. The copper average price is 5350 US dollars in next year, while increasing the price of other metal estimates. In November lead-acid battery business operating rate rose 1.17%.

Molybdenum market: Sodium molybdate and molybdenum oxide prices remain the same price. Affected by raw material price increased, molybdenum bar price has slight increased. The whole molybdenum market is stable, but weak.

Tungsten market: Ammonium paratungstate price has slight changed. Tungsten powder and tungsten bar prices has slight increased, but the transaction is small.

The tungsten and molybdenum December 20, 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.

• < Prev
• Next >