SMM Inclusive: China Cobalt Sulphate Output In March And Analysis

SHANGHAI, Apr 11 (SMM) - China’s cobalt sulphate output stood at 7,472 mt in cobalt content in March, up 5% MoM and 11% YoY. In early March, some cobalt sulphate smelters were running at full capacity as aggressive stocking by traders in February boosted their confidence over future demand. From the demand side, the production schedules of ternary precursor plants were stable. However, the market situation took an abrupt downturn in late March. Precursor plants trimmed or ceased their production while focusing on destocking, thus trades in the cobalt sulphate market almost stagnated. In March, the digital electronics market outperformed than the NEV market.