Cobalt prices, hydroxide payables diverge as metal sellers cut offers

October 30, 2020 / www.metalbulletin.com / Article Link

Cobalt hydroxide payables made further gains during the first half of the week while metal prices fell for the first time since mid-July.

Fastmarkets' price assessments for cobalt standard grade, in-warehouse Rotterdam and cobalt alloy grade, in-warehouse Rotterdam stand at parity at $15.50-16 per lb as of the Wednesday October 28 assessment, both narrowing downward from $15.70-16 per lb the day before.
Meanwhile the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 79-81% on Wednesday, up from 78.5-80.5% on October 23.

The spot metal market has been dominated by small-tonnage inquiries with most demand covered by flexibility within long-term contracts, and buyers reluctant to take...

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