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

Activity in the European cobalt metal market was muted in the week to June 13 compared to the previous week as market participants were at industry conferences.

A 2 mt chemical grade trade was heard to be booked at $11.20/lb IW Rotterdam for an unknown quantity and origin, but this was heard to be not repeatable by market participants.

Platts assessed European 99.8% cobalt metal at $12-$16.25/lb IW Rotterdam on June 13, with a midpoint of $14.125/lb, down 12.5 cents on the week.

“No business at the moment,” one Europe-based trader said.

Throughout the week, market participants put the tradable range for chemical-grade metal at $12/lb and $13.75/lb IW Rotterdam, while the range for alloy grade metal was heard in the range of $14.50-$17.25/lb IW Rotterdam, for prompt delivery.

An offer for 50 mt of alloy grade metal was heard at $16.50/lb IW Rotterdam, but no business was heard to have been concluded.

Platts is part of S&P Global Commodity Insights.

Platts Cobalt Sulfate Heards

13 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 13 tradable at Yuan 30,000-31,000/mt, June loading: Chinese producer

12 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 12 tradable at Yuan 30500-31000/mt: Chinese trader

12 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 12 indicatively offered at Yuan 31000-31500/mt: Chinese trader

12 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 12 traded at Yuan around 30,000/mt on June 7, 1 truckload: Chinese consumer

12 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 12 tradable at Yuan 30,000-30,500/mt, June loading: Chinese consumer

12 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 12 offered at Yuan 30,500-31,000/mt, June loading: Chinese consumer

11 Jun 2024 — Ni-Co black mass cobalt payables DDP China heard on Jun 11 tradable at 74-75% payables of cobalt sulfate, electrode powder, June loading: Chinese recycler

11 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 11 offered at Yuan 31500/mt, June loading: Chinese trader

11 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 11 offered at Yuan 31000/mt, June loading: Chinese trader

11 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 11 traded at Yuan 30500/mt, 300 mt, June loading: Chinese trader

11 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 11 tradable at Yuan 30500/mt, June loading: Chinese trader

11 Jun 2024 — Ni-Co black mass cobalt payables DDP China heard on Jun 11 tradable at 75% payables of cobalt sulfate, battery powder, June loading: Chinese recycler

11 Jun 2024 — Ni-Co black mass cobalt payables DDP China heard on Jun 11 tradable at 74-75% payables of cobalt sulfate, battery powder, June loading: Chinese recycler

07 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 7 offered at Yuan 31000-31500/mt, June loading: Chinese trader

07 Jun 2024 — Cobalt Sulfate DDP China heard on Jun 7 tradable at Yuan 30500-31000/mt, June loading: Chinese trader