Cobalt sulfate and tetroxide prices in China continue to be underpinned by tight supply and resumed demand after the Lunar New Year holiday, but mid-term demand is still in check due to the novel coronavirus (2019-nCoV) outbreak.
Fastmarkets' assessment for cobalt sulfate 20.5% Co basis, exw China rose to 53,000-55,000 yuan ($7,589-7,876) per tonne on Wednesday February 12, up 2.9% from 52,000-53,000 yuan per tonne on Friday.Quite a few refineries in key production hubs, including Zhejiang, Jiangsu and Jiangxi provinces, have not been able to resume operations this week despite the national extended Chinese New...