Config.
Marché
Rapport
Unité

COT Cobalt metal (Fastmarkets, COMEX)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Industrial metals · COMEX

What is the COMEX cobalt futures contract?

Cobalt metal (Rotterdam)

Satellite of High Grade Copper (Copper #1, COMEX)

A long means…

Exposure to a rise in standard-grade cobalt metal in-warehouse Rotterdam — not CIF China hydroxide.

What is this?

COMEX cobalt is standard-grade metal in-warehouse Rotterdam — not the hydroxide the Congo exports. Fastmarkets assesses it daily: 99.8% cobalt as cathode, briquette or round. The future settles to the monthly average of the mid-points of that range. Rotterdam is the metal hub.

The Congo supplies about 73% of world mine output, mostly as hydroxide, the feedstock for battery salts and refined metal. Chemists, refiners and cathode makers hedge a metal purchase here; hydroxide offtake is often priced as a percentage of this index.

Pitfalls

  • Cash-settled Fastmarkets, not COMEX-style metal delivery.
  • Hydroxide CIF China is a different contract.
  • Often low OI: percent-of-OI is jumpy.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.