Platts to consolidate molybdenum assessments

Platts proposes several changes to its molybdenum price assessments to complete the price evolution that was begun in consultation with the industry last year. Platts intends to discontinue the Molybdenum Oxide Transaction assessment, effective July 2, 2012. Platts began soliciting feedback on a possible discontinuation of this assessment in November 2011.

Also effective July 2, Platts is proposing to adjust the methodology for the Weekly Molybdenum Dealer Oxide assessment so that the Weekly Dealer Oxide price reflects the weekly average of the Daily Dealer Oxide assessment.

Platts proposes to change the methodology on the Weekly Dealer Oxide assessment so that it is published on Fridays, expressed as a single value that is an average of the Daily Dealer Oxide assessment for the five days of the week. The assessment will continue to encompass dealer-to-consumer, producer-to-dealer, dealer-to-dealer and producer-to-consumer spot business in-warehouse European ports, delivered US and CIF Japan main ports, CIF South Korean ports and CIF Nhava Sheva/Mumbai, India.

Platts will continue to publish monthly averages of the Dealer Oxide assessment that reflect both the mean/midpoint as well as the average of the low end of the daily assessment ranges.

Platts will hold a forum at its London offices to solicit feedback on the proposed changes, as well as other issues relating to the molybdenum assessment processes, on March 13 at 14:30 GMT, 20 Canada Square, Canary Wharf, London E14 5LH.

Feedback or questions may also be submitted by March 16 to: Andy Blamey, andy_blamey@platts.com; Anthony Poole, Anthony_Poole@platts.com; Mayumi Watanabe, Mayumi_watanabe@platts.com or Jitendra Gill, Jitendra_Gill@platts.com, with a cc to Francis Browne, francis_browne@platts.com and pricegroup@platts.com.