Chinese cobalt metal price drops on lower offers for imported material; sulfate price trends lower

摘要

A lack of demand for imported cobalt material weighed on the Chinese domestic cobalt metal price last week, while the price for cobalt salts widened downward on lower offer prices in a weak market.Fastmarkets assessed the Chinese domestic cobalt metal price at 445,000-465,000 yuan per tonne ($25.07-26.20 per lb) on Friday October 29, down 2.2% from 450,000-480,000 yuan per tonne during the midweek assessment.