CHINA COBALT SNAPSHOT: Prices continue lower in quiet post-holiday lull; consumers hold back for further falls

Key data from the Wednesday February 20 pricing session in Shanghai.



Cobalt metal key drivers 

The domestic Chinese cobalt metal price trended lower midweek due to thin spot activity following the Chinese New Year holiday on February 4-10 as well as lower offers from some suppliers who were trying to offload stocks.  Mainstream offers and sales for Jinchuan-brand cobalt were around 290,000 yuan ($43,147) per tonne, while small-scale deals and offers for Jinchuan material were heard at lower levels as a result of destocking.  Market...

Published

Susan Zou

February 21, 2019

09:57 GMT

Shanghai