CHINA COBALT SNAPSHOT: Pre-holiday demand slump weighs on cobalt metal price

By Susan Zou / February 08, 2018 / www.metalbulletin.com / Article Link

Key data from the Wednesday February 7 pricing session in Shanghai.

Cobalt Metal MB China domestic min 99.8% RMB/tonneKey drivers- The Chinese cobalt price retreated to 580,000-620,000 yuan per tonne (equivalent to $35.91-38.39 per lb ex-China VAT) on Wednesday, down by 0.4% from a week earlier, according to Metal Bulletin's latest assessment.- Slack demand ahead of the Chinese New Year break (February 15-21) weighed on the metal's price.- Spot inquiries will soon...

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