Amendment to Fastmarkets’ cobalt hydroxide payable indicator pricing holiday schedule

After a one-month consultation, Fastmarkets has amended the pricing holiday schedule for its cobalt hydroxide payable indicator.

Following the amendment, the pricing holiday schedule for the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end) follows the public holiday in England and Wales instead of those in China. The change will be implemented from Saturday January 1, 2022.
When a pricing day for the cobalt hydroxide payable indicator falls on a public holiday in England and Wales, the price is not assessed or published.
There is no other change in the specification of the cobalt hydroxide payable indicator.
The detailed specifications for this assessment are listed below with amendments in italics:
MB-CO-0021: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low end)
Quality: Units produced from large-scale mining activity, with the following chemical composition: Co 30% min, Mn 6.5% max, Mg 6.5% max, S 5% max; Cd 100ppm max; limited concentration of natural radioactivity: GB20664-2006 (suitable for customs clearance into China).
Quantity: Min 50 tonnes (cobalt content)
Location: cif China (other terms normalized)
Timing: 45 days
Unit: % payable of Fastmarkets’ standard-grade cobalt price (low end, $ per lb)
Payment terms: Letter of credit at sight, current and following price month (‘M’ and ‘M+1’)
Publication: Twice weekly, Wednesday and Friday, 3pm London time
Notes: Where the publication day falls on a public holiday in England and Wales, the assessment will not be published.
The specifications of the cobalt hydroxide index 30% Co min, cif China, $/Ib remain unchanged.
To provide feedback on the pricing holiday of cobalt hydroxide payable indicator, or if you would like to provide price information by becoming a data submitter to Fastmarkets’ cobalt price assessments, please contact Carrie Shi or Janie Davies by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Carrie Shi/Janie Davies, re: cobalt hydroxide price.”
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

Susan Zou

susan.zou@metalbulletinasia.com

Published

Susan Zou

December 22, 2021

06:25 GMT

Shanghai