[www.ferro-alloys.com]International News: The Bank of England unexpectedly remained the benchmark interest rate at 5% and 3,750 billion pounds debt purchasing plan didn’t change as well. The based metal market is unstable. There were 48 non-ferrous metals company released their interim statements and there are 28 companies having good performance, accounting for nearly 60%. BDI index increase sharply, which is conductive to commodities.

China News: the GDP growth in the second quarter is about 6.6% and in the next half of year it is expected to maintain growth. Speeding up the reform of state-owned enterprises, pilot project will operate in an all-round way. Kunming introduced new energy vehicles three-year plan and the output value can reach10 billion RMB.

Industry: the United States last week the number of jobless applied for unemployment compensation holds the line with previous period, which shows that the US labor market remains activity. US June PPI annual rate is better than expected and the former value, showed US inflation is steadily recovering. The Bank of England announced the interest rate and the dollar has suffer serious hit.

Molybdenum market: As the ferro molybdenum manufacturers gradually reduce inventory, so raw materials procurement initiative has increased. Besides, the domestic molybdenum concentrate suppliers raised the offer and the current actual transaction also rose slightly, but the actual price is still below the offer of manufacturers.

• [Editor:Jiang Li Juan ]