PRICING NOTICE: Discontinuation of China cobalt sulfate, exw standard-grade adjustment

Fastmarkets has discontinued the calculation and publication of its MB-CO-0022 - China cobalt sulfate, Co 20.5% min, ex-works, adjustment to the low-grade cobalt low-end price.

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.

Additionally, an increasing number of market participants are referring to Fastmarkets’ cobalt hydroxide payable indicator and standard-grade cobalt metal price to track the raw material prices for cobalt sulfate. Some cobalt hydroxide deals have also been linked to both assessments.

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.

What to read next
The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand. Specifically, Fastmarkets is proposing to discontinue: MB-CU-0410 Copper rod premium, ddp Midwest US, US cents/lbQuality: Purity of 99.95-99.99%. Thicknesses of 8 millimeters or 0.3125 inchesQuantity: Min 25,000 poundsLocation: Delivered US MidwestUnit: US […]
After a month-long consultation period, Fastmarkets is amending the below specifications, following no negative feedback from market participants and internal data analysis. The following changes will take place: The new specifications are as follows, with amendments in italics: MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb Quality: Grade A 99.9935% min copper cathode conforming to LME […]
The publication of the affected price was delayed for 3 hours and 8 mins. The affected price was: MB-AL-0343 Aluminium P1020A (MJP) spot premium, cif Japan, $ per tonne This price is a part of the Fastmarkets aluminium Asia-Japan package. For more information, or to provide feedback on the delayed publication of this price, or if […]
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]