Home / Metal News / [Minor metal] Cobalt Oxide (II, III) Prices Slip

[Minor metal] Cobalt Oxide (II, III) Prices Slip

iconDec 7, 2009 13:16
Source:SMM

SHANGHAI, Sept. 15 (SMM) -- Cobalt oxide (II, III) prices slipped to RMB 230-250/kg due to sluggish domestic market demand.

    Large cobalt oxide (II, III) producers reduced prices recently, but trading volumes remained limited given weak downstream demand.

    SMM believes spot supply of cobalt oxide (II, III) was sufficient, while the demand remained weary, resulting in falling prices. However, any further downward movement for cobalt oxide (II, III) will be limited in the near future, since market prices around RMB 230/kg have been below production costs at producers.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

CBI China CBMB
Manganese Cobalt Silicon Tin Bismuth
Market movement
minor metal price
Mn Co Si Sn Bi
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news