The discontinuance of the China cobalt sulfate, exw standard-grade adjustment, which is calculated against Fastmarkets’ assessment of the all-in exw China cobalt sulfate price and the low end of the standard-grade cobalt price, follows a one-month consultation following its initial proposal.
Fastmarkets discovered that most market participants track its all-in exw China cobalt sulfate price and standard-grade cobalt price, and calculate the adjustment themselves by using either the same formula that Fastmarkets uses or a slightly different one.
Historical data for the discontinued adjustment will remain available on the pricing section of the Fastmarkets website.
To provide feedback on this discontinuation, please contact Susan Zou by email at: pricing@fastmarkets.com. Please add the subject heading "FAO: Susan Zou re: discontinuation of cobalt sulfate adjustment."
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.