CHINA COBALT SNAPSHOT: Metal price steady; tetroxide, sulfate prices tumble on sluggish demand

Key data from the Wednesday May 30 pricing session in Shanghai.


Key drivers:
- Limited spot availability of Jinchuan cobalt, a major cobalt brand, in China supported domestic metal prices despite weakening local futures prices.

- Offers and deals for Jinchuan cobalt were about 600,000-610,000 yuan per tonne (equivalent to approximately $36.54-37.15 per lb China VAT-free) midweek; meanwhile imported cobalt...

Published

Susan Zou

May 31, 2018

13:03 GMT

Shanghai