SHANGHAI, Jan. 6 (SMM) -- Prices of domestic cobalt salt and tricobalt tetroxide both advanced. Mainstream traded prices of cobalt chloride were at RMB 75,000/mt and mainstream traded prices of tricobalt tetroxide were at RMB 235,000/mt.
It was reported that transactions of domestic cobalt salt and tricobalt tetroxide were quiet, as prices lacked rising support since demand was still sluggish. The major reason behind the rising prices trend was expectation of prices increases from suppliers.
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