SMM May 8 Cobalt Powder spot Express: downstream orders relatively weak Cobalt Powder transactions sporadic

SMM, May 8: the current mainstream transaction price of cobalt powder in China is 26-270000 yuan / ton, the same as the previous day. Although the transaction price of some orders is less than 260000 yuan / ton, the market turnover is on the low side.

Overseas orders for cemented carbide in the lower reaches continued to decline, with the export business of some enterprises falling by 60%, and the overall demand of the cobalt powder and cemented carbide industry by about 40%. Although the orders of some manufacturers of cobalt powder are strong, individual enterprises can not extend to the whole industry, and the demand of cobalt powder market is difficult to improve in the short term. Cemented carbide manufacturers cobalt powder procurement cautious, most of the demand for orders due to a decline in procurement frequency and procurement volume have declined, cobalt powder market transactions sporadic.