Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

US new home sales in April and Germany’s annualized Q1 growth will be released today. As short momentum prevailed in the market, base metals should remain weak but diverge today.

[Ferro-Alloys.com] Tungsten production exceeded consumption, and competition for raw materials was becoming more and more , but rate of margin was declining. At present tungsten manufacturers was decreasing for purchase quantity, which FeW and tungsten concent...

SHFE 1609 nickel started at RMB 68,190/mt overnight and once fell to RMB 67,770/mt. The contract later ranged RMB 68,300-68,500/mt before closing at RMB 68,350/mt.

[www.ferro-alloys.com]SHFE 1609 nickel started at RMB 68,080/mt for night session last Friday and ranged RMB 68,000-68,600/mt.

[Ferro-Alloys.com] Black tungsten concentrate rose to RMB78,000/mt from RMB67,000/mt previously, and up close to16%, while APT was up to RMB123,500/mt from RMB103,500/mt, and up 19%;Tungsten powder rose to RMB190/kg from RMB165/kg, and up15%, while FeW sold at...

[Ferro-Alloys.com]Prices for chrome ores and ferrochrome continue to rise as the stainless steel prices surge. High-carbon ferrochrome prices rose recently with prices at RMB5,600-5,700/T Cr 50% basis, while some quotations exceeded RMB6,000/T Cr 50% basis.

[www.ferro-alloys.com]The mainstream price of ferronickel (10-15%) is RMB 750-780/Ni in many areas