Molybdenum News Center

Tungsten and Molybdenum Latest Price – January 11, 2017

Molybdenum market: Molybdenum raw material price is stable. Ferro molybdenum and molybdenum bar price is going up with small range. The whole molybdenum market has good performance.

Tungsten market: Tungsten concentrate price has slight change and ferro tungsten, tungsten bar price is stable. Tungsten price will further increase in the short term.

International: Nasdaq hits new record of closing in three-days, and the Dow fell down to 20,000 points. Trump’s trade protectionism is unoptimistic, because most commodity trends depend on China. The US crude oil production decline trend is expected to end.

China: Chinese economy will not collapse and house prices have been effectively controlled. 2016 CPI performance is mediocre at best and monetary policy may turns to resist bubble economy.  This year global economic growth rose to 2.7%, but China slowed to 6.5%. Shaanxi power grid released 7.17 billion RMB bonus of power grid reform. Subsidy of new energy car decline range fell than expected and many new energy vehicle manufacturers suffering.

The companies of copper foil have good performance and the processing charges may further increase in the future. Indonesia will release new regulation of Mining Industry. Due to strike risk and supply factors, copper price is increasing which is more than $ 6,000 for each ton.

The tungsten and molybdenum January 11, 2017 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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