Molybdenum News Center

Tungsten and Molybdenum Latest Price – Jan. 16, 2017

International: Affected by Brexit, UK economy has suffered a lot and the UK pound also continues depreciation. US oil hits a lowest record on Monday and Saudi Arabia announced that the main factor is production reduction. Global ultra-loose monetary policy era will end and the United States has been walking in the forefront to raise interest rates. 

China: The 47th World Economic Forum was held in Davos, Switzerland and the market was looking forward China’s new economy policy. US President-elect Trump came to power, the Sino-US relations are getting tension. China local GDP growth target in 2017 will has big adjustment and some provinces’ target will be reduced. IMF issued the World Economic Outlook on Monday, there increased China economic growth expectation to 6.5%. China social electric consumption was increase 5% in 2016. The total sales volume of new energy vehicle in 2025 will account for 20% of the total car sales. More than 20 provinces will hold provincial-level two sessions to control smog and property market.

In 2016 copper prices sharply increased by 24.6% and this is the largest increase range form 2009. Global zinc supply shortage was 27,100 tons and global lead supply shortage was 17,000 tons in November. European Union on China, Philippines and Taiwan stainless steel fasteners anti-dumping measures expired already.

Molybdenum market: Ammonium tetramolybdate and ammonium heptamolytbdate prices have slight increased. Molybdenum oxide price is stable.

Tungsten market: Tungsten raw material price has little changed. Besides, tungsten bar and ferro tungsten prices remain the same.   

The tungsten and molybdenum Jan. 16, 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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