China cobalt sulfate prices rise on raw materials logistics problems, large-volume inquiry

Spot-market prices for cobalt sulfate in China have risen this week on better sentiment after an inquiry for a large tonnage emerged last Friday, although the logistics restraints on the movement of cobalt raw materials remained.

Fastmarkets assessed the price of cobalt sulfate, 20.5% Co basis, exw China, at 44,000-45,000 yuan ($6,194-6,335) per tonne on Wednesday May 13, up by 1.1% from 43,000-45,000 yuan per tonne on Friday.

Prior to the mid-week upturn, prices had been steady for 10 consecutive pricing sessions. Supply disruptions affecting cobalt hydroxide from late March to the end of April managed to offset the lackluster demand in the electric vehicle (EV) battery supply chain that was created...

Published

Susan Zou

May 13, 2020

14:50 GMT

Shanghai