The change will allow Fastmarkets to better reflect the dynamics in these markets, in light of consistently high liquidity and volatility.
Fastmarkets did not receive any direct responses to this consultation, but has previously received extensive feedback from the ferro-alloys market supporting this change.
Effective Monday July 1, these prices will be published daily. Previously, they were published on Wednesdays and Fridays.
All other specifications of these prices remain unchanged.
The new specifications are as follows:
MB-FEO-0001 Ferro-molybdenum 65% Mo min, in-whs Rotterdam, $/kg Mo
Quality: Lump 5-50mm, 90% min, Mo 65% min, Si 1.50% max, Cu 0.50% max, C 0.10% max, S 0.10% max, P 0.05% max. All other elements should be each 0.10% max, with the exception of Fe
Quantity: Min 10 tonnes (+/- 2%)
Location: In-whs Rotterdam Unit: USD per kg Mo Payment terms:
Cash; other payment terms normalized
Publication: Daily 2-3pm London time
MB-FEU-0003 Molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, $/lb Mo
Quality: Sandy powder (0-4mm). 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: Min 10 tonnes (+/- 2%)
Location: In-whs Rotterdam Unit: USD per lb Mo
Payment terms: Cash; other terms normalized
Publication: Daily, 2-3pm London time
MB-FEU-0004 Drummed molybdic oxide, in-warehouse Busan $/lb Mo
Quality: Sandy powder (0-4 mm). 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: In-whs Busan Timing: Spot Unit: USD per lb Mo
Payment terms: Cash; other terms normalized
Publication: Daily, 2-3pm London time
These prices are part of the Fastmarkets ores and alloys package.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Claire Patel-Campbell by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Claire Patel-Campbell re: Rotterdam and Busan molybdenum prices.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology
