Fastmarkets has today discontinued the weekly price assessment for molybdenum concentrate, 45% Mo, in China's domestic market.
Following
a one-month consultation period, Fastmarkets decided to discontinue on Wednesday November 7 the assessment of its molybdenum concentrate, 45% Mo, on an in-warehouse China basis, specification below.
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 decision to discontinue the price follows feedback from the market regarding a significant fall in the liquidity of spot basis molybdenum concentrate 45% Mo in the Chinese domestic market.
Meanwhile, Fastmarkets will continue to assess the feasibility of new molybdenum prices to better represent market trends in Asia.
If you have any comments on the discontinuation of this price, please contact Karen Ng by email at:
pricing@fastmarkets.com. Please add the subject heading FAO: Karen Ng, re: China domestic molybdenum concentrate 45%.
All historical data relating to this price prior to its suspension will remain available in the pricing section of the Fastmarkets website.
To see all Fastmarkets' pricing methodology and specification documents go to
https://www.metalbulletin.com/prices/pricing-methodology.html