International News: The Bank of England is going to announce August interest rates decision and the debt purchasing scale, where the monetary policy is more attractive. The UK June manufacturing industry and service industry both fell and people more focus on the July value. Several major central banks wait for a better time, so the economic data will not be published soon. US July non-farm payrolls released on Friday and the Fed to raise rates interest has limited effect on US dollar index. Fed officials have turned to dovish side.
China News: The official manufacturing PMI is near 50 indicated the economy expansion, but the economy is continues to decrease slightly. Caixin manufacturing PMI may continue to decline and lack of demand both domestic and abroad was expected to continue in July. Some banks stopped lending high cost land project. China Securities Regulatory Commission said corporate finance will be severely restricted. Car industry asset-light model is facing bottleneck and new energy automotive OEM may not be a good choice.
Industry News: The first week of August non-ferrous metals market is still unstable. Base metals price range becomes wider and the market has so far been mixed. Mining market funds faced polarization. The first half of year Qinhuangdao Port copper concentrate imports grew 100.5%. Mexico May copper production increased by 13.8%. Aluminum consumption growth space will increase, which is a good opportunity for aluminum companies development.
Molybdenum market: International ferro molybdenum soared, but ferro molybdenum manufacturers have different offers, some selling with low price and other selling with high offer, so the market is disordered. Besides, molybdenum finished products market also unstable, the turnover is not ideal.
The price of molybdenum main products:
Tungsten market: Tungsten raw materials continuous shorts in supply, so the price continues to go up. Supported by raw marital price increasing, tungsten finished products also continues to rise. Tungsten market has good prospect in the future.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
The tungsten and molybdenum August 1, 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.