Spot cobalt hydroxide payables edge lower as restocking appetite wanes

Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive.

Fastmarkets’ cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-66.5% of the standard-grade metal price (low-end) on Friday June 5, narrowing downward from 65-67% on June 3.
“Everyone is taking a pause to take the temperature of the market,” a distributor source said.

Spot payables moved steadily higher during the second half of May, when consumer inventories were running low while facing a slow restart to usual shipping operations from the Port of...

Published

Charlotte Radford

Susan Zou

June 08, 2020

07:04 GMT

London, Shanghai