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.
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