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Cobalt Daily: Cobalt sulfate and cobalt chloride prices to remain in a weak bottoming phase

Source: Mysteel Nov 09, 2026 09:04
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Cobalt Demand Price Supply
Last week, cobalt salt prices showed diverging trends. In detail, cobalt sulfate stabilized temporarily at low levels, while cobalt chloride edged down quietly on thin volume. In early week, a rebound in electrolytic cobalt prompted some producers to tentatively raise quotes to around Yuan 43,000/tonne. transactions at producers holding prices steady improved slightly, but downstream cathode plants remained cautious in purchasing, and actual trades did not follow through. Cobalt sulfate was quoted at Yuan 42,00044,000/tonne on Friday, with its price edging slightly lower week on week. Cobalt chloride saw sparse transactions, with buyers' indicative prices tracking cobalt sulfate down to around Yuan 50,000/tonne. On the cost side, cobalt feedstock and Co3O4 remained at low levels, leaving cobalt salts without effective support, and some smelters faced shipment pressure and were forced to concede margins to stimulate orders.

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