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Key data from May 6 pricing session.
Low-grade cobalt in-warehouse ($ per lb)
High-grade cobalt in-warehouse ($ per lb)
Key drivers
– Producers who had been offering at recent lows, no longer offering. – Consumers reporting strong salt product sales.
Key quote
– “I don’t think any of my producer friends have material to sell. We’d bought the last for nearby delivery from one.” – Trader. – “From the consumption side, everything is on fire.” – Consumer
Trade log
May 6 Low-grade Less than 5 tonnes at about $13.85 Small sale at $13.40 Small sale at $14 Small sale at above $15 More than 10 tonnes at about $13.75 Less than 5 tonnes at about $13.85 Small sale at $13.95 Less than 5 tonnes at about $13.95 Small sale at $13.85 Offer at $14.45 Offer at $14.50 Offer at $13.50 Offer at $13.30-13.40 Offer at $13.85
High-grade Small sale at $13.75 Small sale at about $14.50 Small sale at $14.20 Offer at $14
Total volume of all trades confirmed since previous pricing session: 37 tonnes
Click here for the full May trade log
Click here for Metal Bulletin’s cobalt pricing specifications Click here for Metal Bulletin’s cobalt premiums specifications
Fleur Ritzema fritzema@metalbulletin.com Twitter: @FleurRitzema_MB