PRICING NOTICE: Proposal to discontinue Chinese molybdenum concentrate, 45% Mo, price

Fastmarkets is proposing to discontinue its weekly price assessment for molybdenum concentrate, 45% Mo, on an in-warehouse China basis.

Fastmarkets is proposing to discontinue its weekly price assessment for molybdenum concentrate, 45% Mo, on an in-warehouse China basis.

Molybdenum concentrate 45% is mostly used to produce ferro-molybdenum, which is added to steel to increase its strength and corrosive resistance. In China, domestic prices of molybdenum have been steadily rising since its lows in November 2015 due to increasing demand from steel mills.

Consequently, sales of molybdenum concentrate 45% have declined, with greater demand for China’s molybdenum concentrate 50-55% instead.

Moreover, the market has moved from comprising mostly spot trades to long-term contracts with the nine major molybdenum producers in China.

Due to the fall in liquidity of spot-basis molybdenum concentrate 45%, Fastmarkets considers it appropriate to propose the discontinuation of its Chinese molybdenum concentrate 45% price.

Fastmarkets is now inviting market feedback on the proposed discontinuation. The full specifications for the price are as follows:

Description: Molybdenum concentrate 45% Mo in-warehouse China

Price: Yuan per tonne
Molybdenum concentrate: 45% minimum, Silicon Dioxide 9% maximum, Arsenic 0.01% maximum, Tin 0.02% maximum, Phosphorus 0.02% maximum, Copper 0.25% maximum, Lead 0.15% maximum, Calcium Oxide 2.7% maximum, Bismuth 0.05% maximum
Form: Powder
Lot size: 50 tonnes
Payment terms: Cash, other payment terms normalized
Publication: Weekly, Wednesday between 2pm and 3pm London time

The consultation period for this price/index discontinuation will end one month from the date of this pricing notice, on November 5. Subject to the results of the consultation, the changes will take place from November 7, meaning the final date the price will be assessed will be Wednesday October 31.

News No: 2371
Date: 2018/10/05 - 15:25
News Source: Fastmarkets MB

molybdenum concentrate  steel 


Leave a Comment:


Slower growth weighs on base metals but constructive for gold, CIBC says

The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.

Iran to Mark 40th Anniversary of Revolution with 576 Industrial Projects

Iran will mark the completion of 576 industrial, mineral and trade projects during the Ten-Day Fajr (Dawn) celebrations (to start on February 01), to commemorate the 40 anniversary of the victory of the Islamic Revolution of 1979.

Iran to Open New Steel Mill

A new steel ingot production unit will open in the city of Sirjan, Iran’s province of Kerman, in early February, an Iranian lawmaker said, adding that the opening ceremony will be attended by First Vice-President Es’haq Jahangiri.

Vietnam’s Steel Imports Fall, Exports Surge in 2018

Vietnam’s steel import-export numbers are out and according to country’s customs data, Vietnam’s steel imports have registered a fall of 9.6% y-o-y basis in 2018 and is recorded at 13.6 MnT whereas in terms of value the same has increased by 9% in 2018 against previous year and is recorded at USD 9.9 billion.

South Africa Pig Iron Exports Rise in November

South Africa pig iron exports surge by around 12,500 MT (19.69%) M-o-M & 24,500 MT (48.34%) Y-o-Y in Nov’18 & recorded three month high, according to the customs.

European Union likely to Impose Definitive Tariffs on Steel Imports: Reports

According to the latest reports, European Union (EU) countries are likely to approve a scheme to limit steel imports in the 28-nations bloc on 16 Jan’19.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners