Base metal market should continue diverging trend on Wednesday with eyes on US API and EIA reports and US annualized PCE core price index.

[www.ferro-alloys.com] The nickel ore price maintains a stable trend this week. The manufactures said that the transaction price of Ni1.5%CIF is $29.5/MT in Tianjin port.

Market will eye Germany June IFO index and University of Michigan’s consumer confidence index today. Result of UK referendum, due for release in the afternoon, will come under the spotlight.

[www.ferro-alloys.com] As of today, International Molybdenum Market was affected by China’s market, and price trends declined slightly, and the price of actual transaction continued to fall, but the mainstream price of molybdenum was’t obvious.

Manufacturing PMIs from western economies for May will come under the spotlight this week. “Black swan” events may occur, including semiannual financial report by US Fed head Janet Yellen and referendum on UK exit from the EU, which will intensify risk avers...

Manufacturing PMIs from western economies for May will come under the spotlight this week. “Black swan” events may occur, including semiannual financial report by US Fed head Janet Yellen and referendum on UK exit from the EU, which will intensify risk avers...

[Ferro-Alloys.com]As molybdenum market offered insufficient orders, downstream of raw material purchase fell slightly. At present, the mainstream price of molybdenum concentrate40-45% was RMB 1,020-1,030/mtu in China, while the mainstream price of 60# ferromol...

[Ferro-Alloys.com] Ferromolybdenum prices performance have started to fall slightly recently, but still within the range of mainstream intention. Ferromolybdenum 60# was quoted at RMB74,000-75,000/mt, and the price of molybdenum oxide51% was RMB1130/mtu, and m...