Fastmarkets to launch daily cobalt hydroxide inferred price in 2022

Fastmarkets is to publish a daily cobalt hydroxide inferred price from January 4, 2022.

The daily cobalt hydroxide inferred price will provide the supply chain with additional clarity and a prompt indication of the price of cobalt hydroxide.
The daily cobalt hydroxide inferred price will be calculated as the low-end price of the Fastmarkets standard-grade cobalt assessment multiplied by the prevailing midpoint of the Fastmarkets cobalt hydroxide payable indicator, min 30% Co, cif China.
Fastmarkets will publish the daily inferred calculation as the ‘cobalt hydroxide, min 30% Co, inferred, cif China, $/lb’ and it reflects the price level used in conventional contracts, using the prevailing mechanism for pricing the cobalt hydroxide market.
Buyers and sellers of cobalt hydroxide - the key feedstock in the cobalt supply chain - conventionally price the spot units at a certain percentage against the low-end price of Fastmarkets’ standard-grade assessment. The payable is negotiated based on the spot market conditions by both sellers and buyers.
Fastmarkets started to track the spot payable for cobalt hydroxide in January 2019, and publishes the assessment twice a week, on Wednesday and Friday.
Fastmarkets continues to publish twice-weekly cobalt hydroxide payable indicator and weekly outright cobalt hydroxide index.
If you would like to provide price information by becoming a data submitter to Fastmarkets’ standard-grade cobalt or cobalt hydroxide payable assessment on which the new daily inferred cobalt hydroxide calculation will be based, please contact Susan Zou or Janie Davies by email at: pricing@fastmarkets.com. Please add the subject heading 'FAO: Susan Zou/Janie Davies, re: inferred cobalt hydroxide.'
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.
[NOTE: the full name of the inferred cobalt hydroxide price is amended as ‘Cobalt hydroxide, min 30% Co, inferred, cif China, $/Ib’ from previously ‘inferred cobalt hydroxide, min 30% Co, cif China, $/lb’ to match standard naming format of Fastmarkets prices. In addition, additional information was added to clarify that Fastmarkets will continue to publish its twice-weekly cobalt hydroxide payable indicator and weekly cobalt hydroxide index.]

Susan Zou

susan.zou@metalbulletinasia.com

Published

Susan Zou

November 26, 2021

09:57 GMT

Shanghai