S&P Global Platts has changed its Ferromolybdenum CIF Japan weekly assessment to CIF Asia, effective July 23, 2020 to enable Platts to reflect deliveries in a wider Asian region, following a shift in market dynamics.
The assessment reflects par ports Osaka, Tianjin and Kaohsiung. Deliveries into Indian ports Nhava Sheva and Mumbai as well as other key ports in the wider Asian region may be reflected in the assessment after normalization.
The CIF Asia ferromolybdenum assessment is published Thursday in Metals Daily, and Platts Metals Alert on fixed page PMA418 and in the Platts price database under the code MMAFM00. The price was previously published on the page PMA386.
Platts published its decision subscriber note on June 2, 2020, which can be found here: http://plts.co/GwEZ30r06FA
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