Fastmarkets assessed the price for cobalt sulfate 20.5% Co basis, exw China
at 56,000-58,000 yuan ($7,953-8,238) per tonne on Wednesday February 26, widening downward by 1,000 yuan per tonne from 57,000-58,000 yuan per tonne on February 21.
Lower offers have emerged ahead of next month, when market participants broadly expect the cobalt sulfate market to weaken as a result of easing supply disruptions
following the general resumption of operations at refineries and the lifting of cross-provincial transportation restrictions across most regions in China.
“Inquiries have been limited while people anticipate the price...