Cobalt sulfate prices in China have held for the second consecutive pricing session, with the majority of producers holding their quotations firm amid high raw materials costs.
Fastmarkets' assessment for Cobalt sulfate 20.5% Co basis, exw China, stood unchanged at 42,000-45,000 yuan ($5,973-6,400) per tonne on Wednesday December 12 from its previous assessment. The price has dropped 28.7% since early October.High raw materials costs and attempts to keep financial books balanced approaching the end of the year are among the major rationales given for producers not surrendering to the persistent weakness in demand as a result of slower...