Tungsten Carbide Tire Studs
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 19:29
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Are you in the scorching northern hemisphere now? Or in the cold southern hemisphere? The seasons will change again in any case. We will eventually need the tire studs owing to the change of weather, especially in the cold and wet weather.
Tungsten carbide are mainly embedded in car tires to prevent the car from slipping on wet ice surface and are very popular in many European countries’ markets.
Benefit of Tungsten Disulfide for Automobile
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 19:14
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Tungsten disulfide has been widely applied in the automobile industry and brought a lot of benefits for automobiles.
As a new type of solid lubricating material, tungsten disulfide is one of the materials with high level of lubricity at present. Its chemical property is stable, and it can be applied in all kinds of demanding conditions.
China On-Board Chip and Tungsten Sputtering Target Material
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- Published on Thursday, 16 August 2018 18:51
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With the rapid development of IT, chip can be regarded as the brain of statistics analyses, the core. As for the high-purity sputtering target material, the most high-end application is the field of very large-scale integration circuit chip, that is, semiconductor chip field. It has taken up a large part of market share.
US Dollar Reached Record High
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 18:34
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On this Monday, we have analyzed the future trend of US dollars on our Wechat public account “Chinatungsten Online” and made some suggestions for the tungsten and molybdenum industry in China.
New Round of Chinese Environmental Checks Boosts Market Confidence
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 15:21
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Analysis of latest tungsten market from ChinaTungsten Online
Tungsten prices in China tend to stabilize this week after a fast decline in July. Manufacturers’ product profits are cut greatly and they appear unwilling to sale at present. A new round of environmental protection inspection will be launched on August 20 and insiders are in wait-and-see mood.
Neodymium Oxide Price - Aug. 16, 2018
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 15:19
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The latest prices of neodymium oxide, dysprosium oxide and praseodymium neodymium metal stabilize on Thursday August 16 in Chinese market. Affected by a new round of environmental checks, the relationship between supply and demand is in a stalemate, and market participants wait and see the outlook. Rare earth price will maintain stability in the short term without clear guides from the market.
Ammonium Heptamolvbdate Price - Aug. 16, 2018
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- Published on Thursday, 16 August 2018 15:16
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Chinese molybdenum prices retreated on limited new increased orders. Ferro molybdenum price slid from RMB 132,000 per ton to RMB 130,000 per ton. While ammonium heptamolvbdate price stabilized at RMB 128,000.00 per ton.
Exchange Rate, iPhone, Tungsten Carbide Cutter and Listed Company-2
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- Published on Thursday, 16 August 2018 10:51
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RMB exchange rate trend
Devaluation of RMB
Let’s look back the exchange rate of RMB. Last week, RMB closed at around 6.85 against the dollar, while it fell sharply on Monday's opening, opening at 6.86 and closing at about 6.87.
Exchange Rate, iPhone, Tungsten Carbide Cutter and Listed Company-5
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- Published on Thursday, 16 August 2018 09:50
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Solution of tungsten, molybdenum and rare earth industry
The trade war is beneficial for the tungsten-molybdenum rare earth industry and a rare opportunity.
Exchange Rate, iPhone, Tungsten Carbide Cutter and Listed Company-4
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- Category: Tungsten's News
- Published on Thursday, 16 August 2018 09:41
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Future trend of RMB-Easy credit
According to the credit data published on last Friday, the amount of credit in July increased by 1.45 trillion, an increase of 323.7 billion RMB year-on-year.
On Saturday afternoon, China Bank Insurance Regulatory Commission has published a special article about “To enhance the supervision and guidance, open up the transmission mechanism of monetary policy, and improve the economic level of financial services”. This article stresses that the bank should increase the credit supply and loan support for small and medium-sized enterprises.
Obviously, the transformation from easy money to easy credit has been realized in July. As the scale of credit expands further, the decline of the general lending rate and the notes financing rate will further accelerate, and the economic will gradually be stabilized.
Reduction of interest
According to the statistics published by the Central Bank, it shows that money market interest rate has continued to fall in the past two months. Last week, the rate of bank overnight was 1.622%, and the interest rate on August 7th closed at 2.450%. Both fell compared to the same period last week.
Forecast of exchange rate trend
Since the exchange rate is regarded as the value of one country’s currency in relation to another currency. Therefore, we have to look at the recent actions of the dollar in order to analyze the trend of RMB:
1) Expansion of national debt scale
Due to the increase in the US social welfare and the military spending, monetary policy of the United States is relatively tight. On July 30th, the U.S. Treasury Department said that it expects the third quarter debt to be $56 billion higher than previously estimated amount. The total debt is $329 billion.
2)Increase of government bond interest rate
“In general, what we’ve seen is the Turkish lira deprecation significantly against the dollar ... Trade tensions have kind of kept Treasury in a range for some time,” said Charlie Ripley, senior market strategist for Allianz Investment Management. “We also kind of expected more upward pressure on Treasury yields with the increased auction sizes, but it seems every time it seems to be met with demand. It’s sort of a head-scratcher.”
Moreover, according to the recent statistics, the Fed’s increase of interest rate in September is a high probability event.
Forecast of RMB exchange rate trend
Hence it is obvious that China and the US have taken different methods. China has loosened the monetary policy and lowered the interest rate. On the contrary, the US has tightened the money supply relatively and raised the interest rate moderately. Therefore, through the analyses from all aspects, we conclude that the trend of the continued depreciation of the RMB against the US dollar will not end in the short term.
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