CHINA COBALT SNAPSHOT: Pre-holiday demand slump weighs on cobalt metal price

Key data from the Wednesday February 7 pricing session in Shanghai.

Cobalt Metal MB China domestic min 99.8% RMB/tonne Key drivers - The Chinese cobalt price retreated to 580,000-620,000 yuan per tonne (equivalent to $35.91-38.39 per lb ex-China VAT) on Wednesday, down by 0.4% from a week earlier, according to Metal Bulletin’s latest assessment. - Slack demand ahead of the Chinese New Year break (February 15-21) weighed on the metal’s price. - Spot inquiries will soon...

Published

Susan Zou

February 08, 2018

03:35 GMT

Shanghai