Dear Valued Customers,
Molybdenum oxide is an essential raw material in the molybdenum value chain, widely used in the production of ferromolybdenum and other molybdenum products. For producers, buyers, and traders, delivery locations, product specifications, and tax treatment are key considerations in procurement pricing and cost calculations.
Spot transactions of molybdenum oxide held in bonded warehouses at Busan Port, South Korea, are conducted on an ex-warehouse collection basis. Establishing a price reference with clearly defined product specifications, delivery locations, and tax treatment will help market participants better understand local spot market conditions and compare procurement costs under different delivery terms.
To further enhance its overseas molybdenum pricing framework and provide reliable references for procurement decisions, trade pricing, and cost assessments, SMM has conducted extensive market research and plans to officially launch the following daily price assessment on October 15, 2026:
-
Molybdenum Oxide (57% Mo), EXW Busan Port, South Korea
The new price assessment will primarily reflect actual transactions and executable quotations that meet the specified product quality and delivery requirements, representing the ex-warehouse price level of molybdenum oxide stored in bonded warehouses at Busan Port, South Korea.
Price Assessment Specifications
-
Price Type: EXW (Ex Works), bonded warehouse collection price.
-
Product Specification: Minimum molybdenum content of 57%.
-
Price Definition: Transaction prices for molybdenum oxide meeting the specified quality requirements, collected from bonded warehouses at Busan Port, South Korea.
-
Tax Treatment: Excludes import duties and destination-country value-added tax (VAT).
-
Pricing Unit: USD/lb Mo (US dollars per pound of contained molybdenum), calculated based on the molybdenum metal content of the product.
-
Publication Frequency: Daily.
-
Publication Time: Before 12:00 p.m. Beijing Time (UTC+8) each day.
SMM will continue to conduct market research, collect and verify relevant transaction data, quotations, and supply-demand information that meet the defined pricing criteria, and assess and publish the price in accordance with its established price assessment methodology.
Through this initiative, SMM aims to provide timely, transparent, and reliable market price references for participants across the molybdenum value chain.
Thank you for your continued trust and support of SMM's molybdenum price assessment framework.