Platts to broaden Dealer Moly Oxide assessments

After extensive consultation with the molybdenum industry, effective January 3, 2012, Platts plans to broaden the specifications of its daily and weekly Dealer Molybdenum Oxide price assessments to include the full range of business currently reflected in its Oxide Transaction assessment.

Thus, in addition to the current dealer-to-consumer business in-warehouse European ports, delivered US and CIF Japan main ports, the assessments will include dealer-to-consumer, producer-to-consumer, producer-to-dealer and/or dealer-to-dealer spot business, in-warehouse European ports, delivered US, CIF Japan main ports, CIF South Korean ports and CIF Nhava Sheva/Mumbai, India.

All other specifications will remain unchanged, as will the names of the assessments. Platts intends to discontinue the weekly Molybdenum Oxide Transaction assessment after a period of time which feedback reveals to be acceptable to the market.

Please submit feedback, comments or questions 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 by December 1, 2011.