Chinese cobalt tetroxide, sulfate prices trend lower on sluggish demand; spot raw materials prices under pressure

摘要

Both Chinese cobalt tetroxide and sulfate spot prices edged down on Wednesday July 12 due to seasonal low consumption, with some refineries lowering their offer prices to secure sales despite high raw material costs.Metal Bulletin's China cobalt tetroxide spot price dropped to 390,000-420,000 yuan ($58,492-62,992) per tonne during the midweek session, down 2.4% from 400,000-430,000 yuan per tonne on July 6.