Tungsten and Molybdenum Latest Price – Jan. 25, 2017
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- Category: Molybdenum's News
- Published on 04 February 2017
- Written by yiping
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International: US home sales fell more than expected in December, but the property market recovery has good prospects. The Euro Zone PMI in January indicated quarterly economic growth of 0.4% and manufacturing and service industry overall expansion. The US president Trump and the US Treasury Secretary hawkish speech devalued US dollars, but US dollars continue increase. German IFI business prosperity index, business expectations index and business conditions index and market expectations are higher than the previous value. The German economic environment is playing well.
Italy after seasonally adjusted in November industrial monthly orders rate is expected to have good performance and it may appreciate Euro. The European Central Bank Executive Committee Lauten Schlegel published a speech claimed that the Euro is not at risk and at the stimulation of 1 trillion US dollars infrastructure plan the S & P and Nasdaq may record a new high.
China: the People's Bank of China to carry out MLF on 22 financial institutions is about 245.5 billion RMB and this is first time to increase the policy interest rates nearly six-years. China's non-financial sector liabilities scale amounted to 205 trillion, accounted for 277% of GDP. And in the next years the proportion may over 300%.
BHP Billiton workers are dissatisfied with salary proposals, so they may strike or imminent. BHP Billiton cuts copper production forecast, due to Olympic Dam ore supply disruptions. Alcoa fourth-quarter revenue is better than expectation and it is expected aluminum demand to rise in this year. Refined oil prices this year may first fall in this year and it is expected to cut 65 RMB per ton before the holiday.
Molybdenum market: the latest price of molybdenum oxide and ammonium tetramolybdate maintains the original price. The latest price of ammonium heptamolybdate has slight fluctuations.
Tungsten market: the latest price of tungsten concentrate has no change and the latest price of ammonium paratungstate has slightly increased. The latest tungsten powder prices are stabilized.
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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