CHINA COBALT SNAPSHOT: Metal price steady; tetroxide, sulfate prices tumble on sluggish demand

By Susan Zou / May 31, 2018 / www.metalbulletin.com / Article Link

Key data from the Wednesday May 30 pricing session in Shanghai.

Key drivers:- Limited spot availability of Jinchuan cobalt, a major cobalt brand, in China supported domestic metal prices despite weakening local futures prices. - Offers and deals for Jinchuan cobalt were about 600,000-610,000 yuan per tonne (equivalent to approximately $36.54-37.15 per lb China VAT-free) midweek; meanwhile imported cobalt...

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