Tungsten and Molybdenum Latest Price - August 22, 2016
International News: Jackson Hole global central banks will be held on August 25-27 in the United States and people will focus on Fed officers’ speeches. US November presidential election, the market will increase interest rates time in September and December. The Bank of Japan announced will implement further easing police in September and the banking sector is profitable and not decline despite negative interest rates occurred. The Japanese government announced will invest 2.81 billion yen for stimulus plan, in fact, which is less than market expectations. The Western countries August manufacturing sector initial value released on Tuesday. UK will go through lengthy negotiations on Brexit.
China News: The tariff reduction is still the focus of cost reduction. Besides, manufacturing and other value-added tax rate cut will be introduced. Capital supervision regulations may cause large-scale P2P industry adjustment. The first batch of central environmental inspection came to an end and large number of non-ferrous heavy polluting enterprises was closed. Second-line real estate market may implement house purchase quota policy and credit limit policy. Weifang 13th Five Year Plan period will invest ¥ 6.274 billion for rural power grids construction. New energy vehicles supporting policy is reduced from this year and financial subsidies will be adjusted this year.
Industry News: The dollar index will support gold, oil and no-US currency and non-ferrous metal prices influence will become obvious in the short term. International oil price is increase by about 20%, which has strong appeal for oil well recovery production. Chile Codelco consider cutting copper production and production cost has been set to the lowest. CRED HOLDING CO. LTD wants to be domestic high-end aluminum extrusion industry leader after corporate reorganization.
Molybdenum market: Affected by raw material price, molybdenum finished products price generally is increasing and molybdenum ferro maintains the same price, but molybdenum concentrate price has slight fluctuation.
The price of molybdenum main products:
Tungsten market: Tungsten market is imbalance between supply and demand. Besides, tungsten price slight decline and lack of power to increase. In the short term, tungsten market is weak but stable.
The price of tungsten main products:
The price of tungsten and molybdenum main products:
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