Domestic Cobalt Salt Prices Drop Slightly

SHANGHAI, Mar. 8 (SMM) -- Domestic cobalt prices declined slightly. Mainstream traded prices of cobalt chloride dropped from RMB 76-78/kg to RMB 73-75/kg, and mainstream traded prices of cobalt sulfate dropped from RMB 68/kg to RMB 65-67/kg.

The decline of cobalt salt prices is mainly attributed to oversupply of cobalt salt products. Trading sentiment was sluggish in the market and wait-and-see sentiment from downstream producers was strong.

To contact the writer on this report: fergiewang@smm.cn

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