Alloy-grade cobalt premium narrows amid competition for summer sales

Prices for alloy-grade cobalt fell closer in line with those for standard-grade metal last week after sellers revised their expectations for premiums for certain brands and shapes to shift units.

Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam, fell to $12.65-13.10 per lb, on Friday July 12, down by 3.6% from $13.05-13.65 per lb a week earlier.
Over the same period, Fastmarkets’ price assessment for cobalt alloy grade, in-whs Rotterdam, fell by 5.3% to $13-13.95 per lb on July 12 from $14-14.45 per lb seven days earlier.
In theory, certain alloy-grade brands remain in tight supply leading to some participants suggesting they should continue to trade at the premium that has been established over the past few months.


Charlotte Radford

July 15, 2019

05:18 GMT