Buyers resisting high offers for cobalt sulfate in China

Most producers of cobalt sulfate in China kept their offers high in the past week but buyers put up resistance and were cautious about placing orders, sources told Fastmarkets.

Producers were asking for 71,000-73,000 yuan ($14,738-15,153) per tonne during the week, the same as a week earlier, but buyers were not willing to pay these amounts. As such, only a few deals were said to have been concluded in the past week, the details of which could not be confirmed at the time of writing.

Cobalt sulfate prices have been largely stable since mid-May but producers have been raising their offers since early June on steady buying and with production costs remaining high due to...

Published

Carrie Shi

June 17, 2021

10:40 GMT

Beijing