Platts updates volume, location specifications for global Molybdenum Oxide Daily Dealer assessment

Platts, part of S&P Global Energy, has updated its volume specification and included in-warehouse Nhava Sheva/Mumbai as base locations for its global molybdenum oxide dealer (MMAYQ00) assessment, effective Nov. 2, 2026.

The change follows recent market feedback and observations that trades executed in the Indian spot market for molybdenum oxide powder are largely done on an in-warehouse Nhava Sheva/Mumbai basis.

In addition, feedback to the Aug. 14 proposal to change the minimum volume specification suggested there was no significant price difference for larger than 24 metric ton trades.

The location and volume specifications reflected in the global assessment are as follows:

Assessment

Code

New Quantity

New Locations

Molybdenum Oxide Powder (Global) $/lb Mo

MMAYQ00

Minimum 18 mt

IW: Rotterdam, Shanghai, Tianjin, Busan, Nhava Sheva/Mumbai, US

CIF: Japan

Molybdenum Oxide Powder (Global) $/mt Mo

MMBYQ00

Minimum 18 mt

IW: Rotterdam, Shanghai, Tianjin, Busan, Nhava Sheva/Mumbai, US

CIF: Japan

The changes affect the following assessments:

Assessment name	UOM	Daily Assessment Code	Monthly Average Code	Weekly Average Code	Yearly Average Code	Month-to-date Code
Molybdenum Oxide Daily Dealer (Global)	$/lb Mo	MMAYQ00	MMAYQ03	MMAGQ00	MMAYQ16	MMAYQ05
Molybdenum Oxide Daily Dealer (Global)	$/mt Mo	MMBYQ00	MMBYQ03	N/A	MMBYQ16	MMBYQ05

All other assessment specifications remain unchanged.

Please send any comments and questions to platts_molybdenum@spglobal.com and pricegroup@spglobal.com.

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