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Metalshub launches Moly oxide price indices
Metalshub continues to expand its price coverage of the ferroalloy markets and is pleased to inform its users and subscribers that since August 2021 a molybdenum oxide powder price index is available for the following specifications: 57% Mo min, C 0.10% max, S 0.10% max, Cu 0.50% max, Pb 0.05% max. Normalised for delivery FCA to a major European seaport and pre-payment basis. Molybdenum oxide briquettes premium index is launched to reflect the premium paid for Mo oxide briquettes. The indices will be updated monthly.
As usual, is glad to improve the offering for the already existing subscribers: those who are currently subscribed to Metalshub's entire suite of price indices will receive access to the new indicator without any additional charge as part of their existing subscription!
With two new indices, Metalshub has the full set of prices for Molybdenum products most widely used in steelmaking and foundry industries.
Molybdenum is one of the most effective alloying agents, of which about 80% is used in the production of various types of steel such as structural steels, stainless steels, high-speed steels, tool steels and many more. Molybdenum-based alloys offer a unique combination of mechanical properties, including high strength at elevated temperatures, high thermal and electrical conductivity with low thermal expansion.
Molybdenum oxide (MoOx) is the basis from which nearly all commercial molybdenum products such as Ferromolybdenum (FeMo), molybdenum metal, or chemical molybdenum oxide are produced through further processing. However, it can also be used directly as an alloying agent, where it is charged together with steel scrap to ensure the desired molybdenum content (usually 55 wt% and 65 wt%). MoOx comes in the form of powder which can be further processed into briquettes which are easier to handle by many steel plants. Around 30% to 40% of MoOx produced is converted into FeMo by processing plants.
As for all existing Metalshub Price Indices, the molybdenum oxide indices are based on data from negotiations and contracts concluded on Metalshub’s digital trading platform and represent a groundbreaking change in the way price discovery is conducted in the industry today
About the Metalshub Price Index.
The Metalshub price indices are solely based on real transactions, bids and offers from the digital Metalshub platform, which is a fundamental shift in price reporting. The information is collected automatically without any journalistic work, e.g. telephone calls to market participants. This methodology minimises the risk of price manipulation and ensures a more robust picture of real market prices.
More than 1,200 companies from the metals industry are registered on Metalshub, generating more than 1,000 bids and offers per month. In H1 2021, trading volume exceeded €400 M.
The index is now available for free. Sign up now to view.
Written by Alex Andreev
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