Price Assessment

Platts Cobalt Sulfate Assessment

  • What are Platts Cobalt Sulfate price assessments?
  • How do we assess Platts Cobalt Sulfate prices?
  • Platts Cobalt Sulfate Commentary
  • Platts Cobalt Sulfate Heards

What are Platts Cobalt Sulfate price assessments?

Platts Cobalt Sulfate assessment by S&P Global Commodity Insights is based on a CIF North Asia and DDP China basis, reflecting physical spot market prices for min 20.5% cobalt content. Other qualities are considered and may be normalized back to our base standard specifications, subject to prevailing market differentials.

The assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor through the month. Other qualities are considered and may be normalized back to our base standard specifications, subject to prevailing market differentials.

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How do we assess Platts Cobalt Sulfate prices?

Platts Cobalt Assessments by S&P Global Commodity Insights are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor each week. Our assessments reflect responsibly sourced material, which sellers should be able to demonstrate in line with standard industry practice, upon buyers' request.

S&P Global Commodity Insights collects data from market participants across the full supply chain, allowing us to produce a balanced assessment of price by engaging with suppliers, traders and consumers of all size and scale.

In the absence of information for the international market, the CIF North Asia assessment is assessed as an import parity calculation from the domestic Cobalt sulfate DDP China price.

S&P Global Commodity Insights coverage of the cobalt markets is led by a global team across three offices: Singapore, Sao Paulo and London. These regions cover the key supply and consumption hubs for cobalt.

Platts Cobalt Sulfate Commentary

  • Falling yuan supports prices
  • Outlook bearish for demand in October


The prices of Chinese cobalt sulfate stayed rangebound Sept. 26 as a weakening yuan supported prices despite low domestic demand.


Platts assessed battery-grade 20.5% Co cobalt sulfate at Yuan 60,700 ($8,635)/mt DDP China Sept. 26, flat on the day and down Yuan 200/mt on the week.

Tradable levels were mostly pegged by market sources at around Yuan 60,000-61,000/mt Sept. 26, largely unchanged from levels in the previous week with the highest offer heard at Yuan 61,000/mt.

According to sources, the sentiment in the market was largely bearish as a projected increased in downstream demand in late Q3 failed to materialize.

“The market was expecting prices to reach Yuan 65,000/mt in Q3, however, it didn’t materialize given that most traders are erring on the side of caution and avoiding building inventories. Therefore, not expecting much demand till after China’s Golden Week,” a South Korean trader said.

The Golden Week holiday in China is expected to last over Oct. 1-7.

“Cobalt sulfate demand is not picking up, with the outlook looking rather bearish for cargoes loading in October, when there are limited volumes changing hands,” a China-based consumer said.

Market participants added that while demand for cobalt sulfate remains weak, macro factors might put some upward pressure on domestic prices.

“Depreciation is adding a lot of pressure in terms of capital cost for producers, with increased overseas prices due to exchange rate differences. We will see an inevitable increase in domestic prices,” the China-based consumer added.

Other market sources also said that a weakening Yuan should increase export opportunities and will support domestic prices.

“Prices will likely increase on higher offers due to increasing costs and a weakening Yuan, albeit at a slower rate as demand remains low,” a Chinese trader said.

Platts assessed battery-grade 20.5% Co cobalt sulfate at $9,200/mt CIF North Asia Sept. 26, stable on the day and on the week.

Market sources expect more clarity to emerge post the Golden Week holiday in China, with regional producers unwilling to commit to inventories in the lead up amid muted demand in China.

Platts is part of S&P Global Commodity Insights.

Platts Cobalt Sulfate Heards

30 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 30 tradable at Yuan 61000-62000/mt: Chinese consumer

30 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 30 tradable at Yuan 60000-61000/mt: Chinese consumer

29 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 29 tradable at Yuan 61,000-62,000/mt: Korean producer

29 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 29 tradable at Yuan 62000/mt: Chinese producer

29 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 29 tradable at Yuan 62000/mt: Chinese producer

29 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 29 tradable at Yuan 61000-62000/mt: Chinese trader

29 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 29 tradable at Yuan 61000-62000/mt, September loading: Chin

28 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 28 tradable at around Yuan 60000/mt, September loading: Chi

27 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 27 tradable at Yuan 61000/mt: Chinese producer

27 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 27 offered at Yuan 62000/mt: Chinese producer

26 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 26 tradable at Yuan 60000-61000/mt: Chinese consumer

26 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 26 tradable at Yuan 60000-61000/mt: Chinese consumer

23 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 23 tradable at Yuan 60000-61000/mt, Chinese producer

23 Sep 2022 — Cobalt Sulfate DDP China heard on Sep 23 offered at Yuan 61000 and above/mt, Chinese producer

22 Sep 2022 — Cobalt Hydroxide CIF China heard on Sep 22 tradable at $15.5/lb, October loading: European trader


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