Get started

PRICING NOTICE: Proposal to launch in-warehouse Busan drummed molybdic oxide price

Following initial research and a consultation among market participants, Fastmarkets proposes to launch a twice-weekly drummed molybdic oxide price, in-warehouse Busan.

May 7, 2019
By Generic people page
Pricing notice

The introduction of the price will expand Fastmarkets’ current price coverage of the molybdenum market, which tracks the drummed molybdic oxide and ferro-molybdenum markets in Europe and the United States.

The proposed new assessment will provide the market with a picture of the molybdic oxide market in Asia in addition to Fastmarkets’ price and news coverage of the equivalent markets in Europe and the US, namely drummed molybdic oxide free market $ per lb Mo in-warehouse Rotterdam and canned molybdic oxide United States free market $ per lb Mo in-warehouse US. 

Additionally, spot liquidity has been more pronounced in Busan in recent years with more steelmakers in Europe deciding to procure their material on long-term contracts.

The proposed specifications are listed in full below.

Assessment: Drummed molybdic oxide, in-warehouse Busan $/lb Mo
Form: Sandy powder (0-4 mm)
Quality: Mo: 57% min. Cu: 0.5% max. S: 0.1% max. P: 0.05% max. Pb: 0.05% max.
C: 0.1% max. All other elements should each be 0.10% max, with the exception of Si, which should be 6% max.
Quantity: 10 tonnes (+/- 2%)
Location: Busan
Timing: Spot
Unit: USD per lb Mo
Payment terms: Cash; other terms normalized
Publication: Twice weekly. Wednesday and Friday between 2pm and 3pm London time

Fastmarkets now invites market participants to take part in a consultation on its proposal to launch an assessment for drummed molybdic oxide, in-warehouse Busan $/lb Mo.

The consultation period for this proposed price will end one month from the date of this pricing notice on June 7, 2019. Subject to feedback, the new price will launch on Wednesday June 12, 2019.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Ewa Manthey by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Ewa Manthey, re: drummed molybdic oxide, Busan.

To see all Fastmarkets pricing methodology and specifications documents go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
Correction to rationale of Ferro-nickel premium/discount, 26-32% Ni contained, cif China: pricing notice
The rationale for MB-FEN-0003 Ferro-nickel premium/discount, 26-32% Ni contained, cif China, had erroneously stated that the price was assessed on Monday April 12. This has been corrected to Monday April 13. The published price is unaffected by this change. This price is a part of the Fastmarkets ores and alloys package. For more information or to […]
April 14, 2026
 · 
By Laura Li
End of open consultation on methodology for Jebel Ali (UAE) steel hot-rolled coil import price assessment
Fastmarkets invited feedback from the industry on the pricing methodology for its steel hot-rolled coil import, cfr Jebel Ali, UAE price, as part of its annual methodology review process.
April 13, 2026
 · 
By Fastmarkets pricing team
End of open consultation on methodology for Saudi Arabia domestic rebar price assessment
Fastmarkets invited feedback from the industry on the pricing methodology for its steel reinforcing bar (rebar), domestic, delivered Saudi Arabia price, as part of its annual methodology review process.
April 13, 2026
 · 
By Fastmarkets pricing team
Clarification of rhenium APR catalytic grade price assessment specification: pricing notice
Fastmarkets wishes to clarify that its MB-RE-0001 rhenium APR catalytic grade, in-whs dup Rotterdam, $/kg price assessment, in line with the established market norm, is assessed on a rhenium-contained basis. The assessed unit is dollars per kg Re, as opposed to dollars per kg and the name will be changed to reflect this. The rest […]
April 13, 2026
 · 
By Fastmarkets pricing team
Decision to launch of antimony trioxide 99.5% Sb2O3 min, exw China price assessment: pricing notice
Following a one-month consultation that ended on April 10, Fastmarkets has determined that current circumstances make the launch of antimony trioxide 99.5% Sb2O3 min, exw China price assessment viable. The new price expands Fastmarkets’ coverage of the antimony market and expands its existing suite of assessments. The addition of a China domestic price offers market participants a […]
April 13, 2026
 · 
By Fastmarkets pricing team
Correction to Japan seamless linepipe assessments
Fastmarkets has corrected its MB-STE-0816 Japan seamless Linepipe API 5L B fob and its MB-STE-0817 Japan seamless Linepipe API 5L X65 fob assessments, which were published incorrectly on Wednesday April 8 due to a procedural error.
April 10, 2026
 · 
By Fastmarkets pricing team