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 publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ MB-IRO-0186 iron ore DR grade pellet premium indicator for Wednesday June 12 was delayed due to an error in the review process.
Fastmarkets proposes to discontinue its weekly price assessments for AG-UCO-0013 UCO, Chinese flexi-tank, CFR Antwerp, Rotterdam, Amsterdam, and AG-UCO-0012 UCO, Chinese bulk, CIF Antwerp, Rotterdam, Amsterdam.
Fastmarkets wishes to clarify the specifications for its European animal fats price assessments.