Spot availability of cobalt intermediates is limited due to tight container space and reduced shipping schedules over the upcoming holiday period, in a market where availability outside long-term contracts was already limited.
Fastmarkets’ twice-weekly cobalt hydroxide payable indicator, min 30% Co, cif China
held at 82-83% of the price for cobalt standard grade (low-end) on December 23.
The assessment is at its highest since Fastmarkets started assessing the spot cobalt hydroxide market in January 2019, and payables have made steady gains since June this year, when they were at 65-66.5%.
Fastmarkets’ cobalt hydroxide index 30% Co min, cif China rose to $13.10...