Cobalt hydroxide market remains muted amid Golden Week holidays in China

摘要

Golden Week holidays in China continued to occupy cobalt hydroxide consumers in the week started Oct. 4, contributing to a lack of liquidity in the market for a second week. S&P Global Platts assessed 30% Co cobalt hydroxide at $12/lb, or $26,455.44/mt, CIF China, on Oct. 8, unchanged from Oct 1. “China is back tomorrow [Oct. 9] and the market is still fairly tight,” a European trader said. He added that he was not seeing cheap offers in the market, with tradable values firmly at $12/lb and above.