back Cobalt rally continues as producers hold back and batteries heat up
May 11, 2015 | Category: Cobalt News
MARKET SNAPSHOT: Cobalt rally continues as producers hold back and batteries heat up
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Key data from May 6 pricing session.
|
Today |
Previous |
Todayy�?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 |
Todayy�?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
[email protected]
Twitter: @FleurRitzema_MB