Weak demand, bearishness pressure China’s cobalt sulfate market; cobalt hydroxide payables drop

The Chinese cobalt sulfate price fell further this week amid reduced buying appetite and a bearish short-term outlook due to the Covid-19 situation in the country. Cobalt hydroxide payables also softened, in line with the general market weakness.

Fastmarkets’ price assessment for cobalt sulfate 20.5% Co basis, exw China, was 98,000-100,000 yuan ($14,517-14,813) per tonne on Wednesday May 18, down by 2,000 yuan per tonne from 100,000-102,000 yuan...

Published

Carrie Shi

Zihao Li

May 19, 2022

10:40 GMT

Beijing, Shanghai