SHANGHAI, June 12 (CBI China) -- As the new arrivals of low-priced refined cobalt were limited in domestic markets, leading to limited downward room for refined cobalt prices, but the upward room will be limited as well. Demand reported no recovery currently, and the market conditions remained in balance. Prices of cobalt products will remain stable and will move slightly in current level.
Next week, refined cobalt prices will be RMB 270,000-290,000/mt; prices will be RMB 68,000-70,000/mt for cobalt chloride; cobalt sulfate prices will be RMB 60,000/mt; prices will be RMB 230,000/mt for cobalt oxide (II,III); prices will be RMB 230,000-240,000/mt for lithium cobalt oxide.
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