Subscriber note: Update on consolidation of Platts molybdenum assessments

(Updates a prior subscriber notice published February 27, 2012) 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 forums in Tokyo and Seoul in May to solicit feedback on the proposed changes, as well as other issues relating to the molybdenum assessment processes. The Tokyo forum will be held on May 15 at Otemachi Sun Sky Room Suite D, Asahi Seimei Otemachi Bldg 27th Floor, 2-6-1, Otemachi, Chiyoda-ku, Tokyo, Japan 100-0004. Registration starts 8:30 am, presentation starts 9:00 am local time. The Seoul forum will be held on May 17 at the Sejong Hotel, #61-3 Choongmuro 2 ga, Chung-gu, Seoul, Korea. Registration starts 8:30 am, presentation starts 9:00 am local time.