Platts opens consultation on Global Molybdenum Oxide Daily Dealer Assessment

Platts, part of S&P Global Commodity Insights, is opening a consultation to invite feedback on the assessment methodology and specifications for its Global Molybdenum Oxide Daily Dealer assessment, following preliminary discussions with the market.

The Platts Global Molybdenum Oxide Daily Dealer assessment currently reflects technical-grade moly oxide (roasted molybdenum concentrates) with product specifications of min 57% Mo, max 0.5% Cu, 0.05% Pb, for drummed material.

The daily assessment takes into account all information reported to Platts in the 24-hour period up to 4:30 pm London time each day, except on the last business day of the calendar month, when the cut-off point for information to be included is 1 pm London time.

Specifically, Platts is seeking feedback on:

• Incoterms: whether to narrow incoterms reflected in the assessment to in-warehouse (IW) and CIF
• Locations: whether to narrow current locations reflected in the assessment to better capture the most representative market value
• US material: whether to normalize deals and indications for US material to an in-warehouse basis
• India duties: whether all CIF India deals and indications should be normalized to duty-free material
• Payment terms: whether specifications should reflect payment terms such as cash against documents or net 30-60 days
• Product specifications: whether bagged material would be more representative of standard spot market practice

The full Global Molybdenum Oxide Daily Dealer assessment specifications can be found on page 17: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/steel-ferrous-methodology.pdf

Platts assessment methodology is available here: https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-methodology-guide.pdf

This consultation relates to the following Platts assessments:

The assessments are published on fixed page 398 of the real-time Platts Steel Alert and Platts Metals Alert, on SBB Steel Markets Daily, on Platts Dimensions Pro, in Platts Market Center and in the Platts price database.

Platts invites comments to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com by Dec. 15, including feedback on the timing of any changes emanating from this consultation.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.