SMM Weekly Forecast on China's Cobalt Market (Mar. 29-Apr. 2)-Shanghai Metals Market

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SMM Weekly Forecast on China's Cobalt Market (Mar. 29-Apr. 2)

SMM Insight 06:12:52PM Mar 26, 2010 Source:SMM

SHANGHAI, Mar. 26 (SMM) --  Affected by prices increases in LME cobalt market and raw materials, prices of cobalt products advanced to different degree, with cobalt salt price as an exception that trading volumes of cobalt salt were limited. Cobalt prices will continue to rise next week, and rising price trend will attract more buying, which will consolidate increased cobalt prices.

It is expected that refined nickel from Jinchuan Group will move in the RMB 390,000-395,000/mt range, and mainstream prices of cobalt chloride will move around RMB 78,000/mt. Prices of tricobalt tetroxide will move in the RMB 245,000-250,000/mt range, and prices of lithium cobalt oxide will move in the RMB 250,000-255,000/mt range.

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


 
Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn


 

 

SMM Weekly Forecast on China's Cobalt Market (Mar. 29-Apr. 2)

SMM Insight 06:12:52PM Mar 26, 2010 Source:SMM

SHANGHAI, Mar. 26 (SMM) --  Affected by prices increases in LME cobalt market and raw materials, prices of cobalt products advanced to different degree, with cobalt salt price as an exception that trading volumes of cobalt salt were limited. Cobalt prices will continue to rise next week, and rising price trend will attract more buying, which will consolidate increased cobalt prices.

It is expected that refined nickel from Jinchuan Group will move in the RMB 390,000-395,000/mt range, and mainstream prices of cobalt chloride will move around RMB 78,000/mt. Prices of tricobalt tetroxide will move in the RMB 245,000-250,000/mt range, and prices of lithium cobalt oxide will move in the RMB 250,000-255,000/mt range.

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


 
Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn