ddP China cobalt sulfate prices slide on softer demand and lower domestic prices for metal

摘要

Cobalt metal price movements and weakening demand drove both Chinese domestic and North Asian import markets this week. S&P Global Platts assessed cobalt sulfate with 20.5% cobalt content at Yuan 48,500/mt delivered, duty-paid China Thursday, falling Yuan 3,000 from May 2, while the seaborne market was assessed unchanged at $8,450/mt CIF North Asia. Cobalt sulfate prices fell in China, while sitting unchanged on the seaborne market. The price movements mirrored those of electrolytic cobalt, which moved sideways on an import basis, while dropping on the Chinese domestic market.