Home / Metal News / Copper / SMM Weakly Forecast on China's Cobalt Market
SMM Weakly Forecast on China's Cobalt Market
May 7,2010 17:12CST
smm insight

SHANGHAI, May 7 (SMM) -- Domestic cobalt prices have been lower than overseas cobalt prices for a month, and imports of refined cobalt was negatively affected as a result. Compared with overseas cobalt prices, recent domestic cobalt prices experienced limited decline. Supply of cobalt from Jinchuan Group and Zambia was relatively tight, and prices of cobalt from Jinchuan Group and Zambia are expected to remain stale as a result. SMM predicts that refined cobalt from Zambia will receive support at RMB 380,000/mt and prices of refined cobalt from Jinchuan Group will be traded at RMB 400,000/mt.

Costs of cobalt chloride were around RMB 80,000/mt according to current ore prices, and relatively large speculative buying will be attracted when prices were between RMB 75,000-76,000/mt, so prices of cobalt chloride will receive support at RMB 75,000/mt, and prices of cobalt sulfate will receive support at RMB 65,000/mt.

Prices of spot tricobalt tetroxide will fall between RM 250-253/kg and prices of lithium cobalt oxide will still fluctuate around RMB 255,000/mt.

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


Manganese Cobalt Silicon Selenium Bismuth
minor metal price
Mn Co Si Se Bi

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news