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SMM Weekly Forecast on China's Cobalt Market (May 24-28)
May 21,2010 17:54CST
smm insight
Source:SMM
Prices of refined cobalt slipped significantly last week.

SHANGHAI, May 21 (SMM) -- Prices of refined cobalt slipped significantly last week, and may stay stable next week, which shall mainly depend on the price performance in overseas market. Possibility for brand name refined nickel to fall below RMB 350,000/mt is low. 

Mainstream traded prices of cobalt chloride may fell to RMB 75,000/mta and prices of spot tricobalt tetroxide may fall to RMB 245-248/kg. Prices of lithium cobalt oxide will move around RMB 250,000/mt.

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

 

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