CHINA COBALT SNAPSHOT: Sulfate restocking supports price; weak physical demand weighs on metal price

Key data from the Wednesday November 27 pricing session in Shanghai.


Key drivers 

The Chinese cobalt sulfate price broke the eight-week downward streak, holding on fresh restocking appetite and producer reluctance to sell at lower levels amid strength in the metal’s futures market.  The cobalt metal contract price on the Wuxi Stainless Steel Exchange rose by nearly 1% on Wednesday after buying...

Published

Susan Zou

November 27, 2019

16:07 GMT

Shanghai