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Weekly Forecast on Domestic Cobalt Market
Jan 8,2010 19:35CST
smm insight
Source:SMM

SHANGHAI, Jan. 8 (SMM) -- Affected by rising price trend in overseas market and other base metals, prices of domestic cobalt and other cobalt products continued to climb slightly this week. Although demand from end-users didn't improve, trading volumes of cobalt salt and tricobalt tetroxide were gradually improving due to expectation of price increases. As inventories from end market  gradually being consumed, purchases from downstream will increase, and prices of cobalt products will continue to grow.

Trade prices of domestic refined cobalt from Jinchuan Group will move in the RMB 380,000-390,000/mt range; mainstream traded prices of cobalt chloride will move in the RMB 75,000-77,000/mt range; prices of tricobalt tetroxide will remain in the RMB 240,000-245,000/mt range; prices of lithium cobalt oxide will still move in the RMB 240,000-245,000/mt range.

 

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