PRICING NOTICE: Proposal to amend the calculation basis for the China cobalt sulfate, ex-works standard-grade adjustment

摘要

Fastmarkets proposes to change the calculation basis for the China cobalt sulfate, Co 20.5% min, ex-works adjustment to the standard-grade cobalt low-end price to 100% Co basis from the current Co 20.5% basis.As part of the consultation, Fastmarkets also proposes to change the name of this assessment to China cobalt sulfate, Co 20.5% min, ex-works, adjustment to standard-grade cobalt low-end price, $/lbCurrently, the premium or discount of the Chinese cobalt sulfate price against the low end of the benchmark standard-grade price is based on a 20.5% Co basis. Following nearly one year of assessing this market, Fastmarkets has received feedback that cobalt market participants prefer to track and assess the dynamics and connection between the Chinese cobalt sulfate and standard-grade cobalt markets and prices as an adjustment on a 100% cobalt metal basis.