Molybdenum News Center

Tungsten and Molybdenum Latest Price – January 13, 2017

International: Federal Reserve Chairman Yellen gave affirmative evaluations on US economic performance and he thought three times rate hike is appropriate. The Euro Zone economy is recovering and they may reduce the purchasing of bond. The oil price has risen markedly and the reasons include US dollar continued to devalue and production reduction of Saudi Arabia, Russia and other oil major exporter.

The United States PPI monthly market expectations is lower than the previous month in December, but December retail and core retail sales rate is expected to improve. Nasdaq fell for the first time in 2017 and the US dollar against RMB only to 6.859. The European Central Bank may expand the QE to 80 billion euros in extended period.

China: China export quantity in 2016 fell 2% year on year and the trade surplus was narrowed. China trade surplus in December is expected to rise significantly and the RMB may slow down the speed of devalue. 2017 China fiscal policy will continue positive and stable. Last year the new energy vehicle sales were over 50 million units and the load increased by 12.65 trillion, so this year monetary policy will be neutral. "Trump first show" may cause devaluation of US dollar and RMB fluctuation may more obvious. In 2017, the real estate market may flat than 2016.

LME global copper stocks decreased by 2,525 tons to 285,700 tons and South Korea's Kwang Yang reduced 1,500 tons to 19,100 tons. CSPT spot transactions are 90 US dollars for each ton. Indonesia's copper exports were banned and it will be temporarily or permanently still unknown. Australia is executing anti-dumping quick reexamine on China aluminum material. Glencore may increase the share of copper and cobalt ore on Congo (DRC) Mutunda.

Molybdenum market: Molybdenum price is stable. Ferro molybdenum and molybdenum bar in some area has slight increased. The whole molybdenum market is good.

Tungsten market: Sodium tungsten and tungsten powder is stable and tungsten raw material remains the same price in the short term. Tungsten market is stable and positive.

The tungsten and molybdenum January 13, 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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