![]() Cobalt Sulfate DDP China heard on Dec 21 indicatively offered at Yuan 32000/mt, prompt loading: Chinese trader Ni-Co black mass cobalt payables DDP China heard on Dec 21 indicatively offered at 60% payables of cobalt sulfate, December loading: Chinese trader Cobalt Sulfate DDP China heard on Dec 22 tradable at Yuan 28000/mt, December loading: Chinese trader Cobalt Sulfate DDP China heard on Dec 22 indicatively offered at Yuan 30,000-32,000/mt, December loading: Chinese trader Platts is part of S&P Global Commodity Insights. Tradable levels were heard in line with Platts assessment level. Platts assessed battery-grade 20.5% Co cobalt sulfate at $5,900/mt CIF, North Asia, Dec. Overall slowdown in downstream demand also pushed down prices in the international market. Some sellers were heard to hold offers firm at $6.7/lb.Īccording to a producer, cobalt hydroxide prices continued to see support from production costs. Tradable indications were mostly concentrated at around $6.5-6.7/lb Dec. ![]() Tradable levels were heard at $6.5-$6.7/lb. The assessment was for spot cargoes aligned to the Platts methodology for cargoes loading 15-60 days out. 18, unchanged on the day and on the week. ![]() Platts assessed 30% Co cobalt hydroxide at $6.60/lb CIF China Dec. "Cobalt sulfate prices are at a new low," a Chinese trader said, adding that it was no longer worthwhile for refiners to purchase cobalt hydroxide, feedstock for cobalt sulfate, in the spot market. Meanwhile, tradable levels were heard to be as low as Yuan 28,000/mt to as high as Yuan 30,000/mt in the week to Dec. Mainstream offers were still heard in the Yuan 30,000-31,000/mt range. "The issue now is demand, which is very weak," he said, adding that there was not much need for consumers to stock up on cobalt sulfate material.Īnother trader shared that the outlook for nickel-manganese-cobalt (NMC) and lithium-iron-phosphate (LFP) batteries remained bleak into the first quarter of 2024, and that he expected lower downstream production levels too. "It's no longer about production, production has been reduced," a Chinese trader said. Limited buying interest stemming from weak downstream demand continued to pressure cobalt sulfate prices. Platts assessed battery-grade 20.5% Co cobalt sulfate at Yuan 29,500/mt DDP China Dec.11, down Yuan 500/mt on the day and Yuan 2,500/mt on the week. 18 to its lowest due to weak downstream demand. Limited buying interest due to sluggish downstream demandĬhinese cobalt sulfate prices continued to fall in the week to Dec.Mainstream offers heard Yuan 1,000-2,000/mt lower on week.
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