Key data from May 6 pricing session.
Low-grade cobalt in-warehouse ($ per lb)
| Today | Previous | Today’s weighted average of confirmed trades | Previous weighted average | Change to midpoint of range | Midpoint % change |
| 13.40-14.40 | 13.20-14.20 | 13.86 | 14 | 0.20 | +1.5 |
High-grade cobalt in-warehouse ($ per lb)
| Today | Previous | Today’s weighted average of confirmed trades | Previous weighted average | Change to midpoint of range | Midpoint % change |
| 13.75-14.50 | 13.50-14.40 | 14.04 | 14.36 | 0.18 | +1.26 |
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