NEWS
IRON and STEEL   NON-FERROUS  

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 

Comments:

Leave a Comment:

   
   
   
 

Chinese Steel Market Highlights - Week 15, 2019

This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
 

Russia: MMK Steel Doubled Steel Shipments to Vietnam in CY18

As per sources, one of the world's largest steel producer and a leading Russian metal company Magnitogorsk Iron and Steel (MMK) has doubled its metal shipments to Vietnam in CY18 as compared to CY17.
 

Indian Steel Market Weekly Snapshot

Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.
 

Global Ferrous Scrap Market Overview - Week 15, 2019

Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
 

MSC transport fleet used to send popular aid to flood-stricken areas in Lorestan Province

After heavy floods hit Golestan and Lorestan provinces, managers and staff members of Mobarakeh Steel Company (MSC) joined people from across the country and dispatched aid, cash and in kind, to the stricken areas in the northeast and west of the country.
 Technical Manager:

MSC’s energy consumption is lower than global average

Implementation of projects on energy consumption optimization has helped Mobarakeh Steel Company (MSC) bring down its water consumption to levels lower than the global average, said the senior manager of the MSC’s Department of Technical Services and Logistics.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners