Proposal to amend the frequency of Rotterdam, Busan molybdenum prices to daily

Fastmarkets proposes to increase the frequency of its Rotterdam and Busan molybdic oxide and ferro-molybdenum prices to daily from twice weekly.

The change will allow Fastmarkets to better reflect market dynamics following a steady increase in liquidity and volatility in recent years. Fastmarkets has received extensive feedback from the ferro-alloys market requesting this change.

The affected prices are:

  • MB-FEO-0001 Ferro-molybdenum 65% Mo min, in-whs Rotterdam, $/kg Mo
  • MB-FEO-0003 Molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, $/lb Mo
  • MB-FEO-0004 Molybdenum MB drummed molybdic oxide Mo, in-whs Busan, $/Ib

The publication frequency is the only proposed change. The new specifications for these prices will be as follows (changes in italics):

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.

The consultation period for this proposed amendment starts from Tuesday May 28 and will end on Thursday June 27. The amendment will then take place, subject to market feedback, on Monday July 1.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Janie Davies by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Janie Davies 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.

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