The China cobalt sulfate price has softened from the brief momentum of activity between late March and mid-April due to lackluster demand.
The Metal Bulletin cobalt sulfate, 20.5% min Co, ex-works China, price is calculated as an adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment on a 20.5% Co basis, which was assessed at a discount of $0.51-0.82 per lb on Wednesday May 2. Mainstream domestic quotations for cobalt sulfate in China were at around 132,000-137,000 yuan ($20,750-21,536) per tonne during the mid-week pricing session. The assessment turned from a discount to a premium briefly in the past few weeks and hit a peak at a premium of $0.01-0.32 per lb on April 11, before it retreated and widened the discount, according to the historical data collected by Metal Bulletin ahead of the launch of the price. The China cobalt sulfate price rose sharply after the Lunar New Year holiday (February 15-21) due to a strong performance from the low-grade cobalt price, which serves as a...