Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals.
Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricing sessions after it softened to this level from 76.5-77.5% on August 14.Some buyers lowered their expectations for an achievable cobalt hydroxide price following a sharp month-on-month increase in Chinese cobalt intermediates imports in July, and because...