Firm cobalt hydroxide prices limit sulfate downturn

Cobalt sulfate prices in China softened in the first half of last week but a firm cobalt raw materials market helped to limit the downturn.

Fastmarkets’ assessment for cobalt sulfate, 20.5% Co basis, exw China, was at 53,500-54,500 yuan ($8,129-8,281) per tonne on Friday November 27, unchanged from two days earlier, when it fell by 500 yuan per tonne (0.9%) from 54,000-55,000 yuan per tonne on November 20.
Spot demand has been lackluster while producers intend to maximize their revenue in the run-up to the end of year.

“Producers have to compromise slightly for the sake of decent year-end earnings report,” a cobalt...

Published

Susan Zou

December 01, 2020

02:06 GMT

Shanghai