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[www.ferro-alloys.com]: Germany inflation data stabilized in recent months, but in July CPI annual rate improvement room is limited. On this morning US released FOMC rate statement and the US dollar declined after slight increased. The US labor market has significant improvement and the inflation will go up in the future. The premier of Japan said the scale of the new stimulus package is more than 28 trillion yen and the US dollar and yen in the short term is rapid rise. The UK second quarter GDP year on year initial value is 2.2% which hits the highest since the second quarter of last year. 

China News: Based metal price has increased slightly, but the market is still weak and the situation is hard to change in the short term. Electric battery market is in the peak period and in August the battery price may raise sharply. Affected by environmental protection agency strict investigation, lead prices will continue to increase. The Philippine mining minister said in the future may shut down more mines; India aluminum demand in 2020 will reach 500 million tons. Tongling Nonferrous Metals non-public releasing 4.8 billion RMB A share application is eligible for approval.

Industry News: Beijing land supply is short of three months. Six Chinese car companies are into the world top 500, but the transaction is poor. The political Bureau of the Central Committee meeting held on July 26 emphasizing on the latter half of the year’s economic work.

Molybdenum market: International ferro molybdenum market continued to fall. International ferro molybdenum market is weak and European ferro molybdenum market continues to fall. The mainstream transaction price from last week 16.6-17.2 $/ kg fell to 16.4-16.6 $/ kg. The US market fell sharply, the mainstream transaction price from 8.2-8.6 $/lb fell to 7.6-8 $/ lb.

Tungsten market: Tungsten market gradually recovers and the price continues to go up. Tungsten raw material price continue to rise and APT is close to 2,000 RMB for each ton. Tungsten scrap manufacturers reluctance to sale the products, thus pushing up the price.

The tungsten and molybdenum July 28, 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.

• [Editor:Jiang Li Juan ]