London—S&P Global Platts assessed cobalt sulfate with 20.5% cobalt content at Yuan 41,000/mt ($5,839/mt) delivered, duty-paid China Thursday, down from Yuan 47,000/mt the week before. The market continued to be battered by bearish sentiment amid sluggish demand, sources said. Offers were also lower this week, sources said, adding that producers generally reduce their inventories at the end of the year. adding to the pressure. Several producer and consumer sources indicated tradable values at Yuan 40,000- 45,000/mt DDP basis this week. Indicative offers stood at Yuan 42,000-48,000/mt DDP basis and indicative bids were at Yuan 40,000/mt DDP basis this week.
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