Chinese cobalt sulfate prices were unchanged mid-week after their retreat on Friday April 19, but waning buyer interest and concerns over the surplus dynamics of key raw material cobalt hydroxide will continue to weigh on cobalt sulfate prices, market participants told Fastmarkets MB.
Fastmarkets MB assessed the Chinese cobalt sulfate price at 51,000-54,000 yuan ($7,587- 8,033) per tonne on April 24, unchanged from the previous pricing session April 19 when the price narrowed downward by 1,000 yuan per tonne from the 51,000-55,000 yuan per tonne on April 17. Prior to the retreat witnessed during the latter half of last week, the battery raw materials price had been enjoying a brief turnaround since the beginning of April as the...