SMM Weekly Forecast on China's Cobalt Market (May 24-28)-Shanghai Metals Market

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SMM Weekly Forecast on China's Cobalt Market (May 24-28)

SMM Insight 05:54:21PM May 21, 2010 Source:SMM

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

 

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 (May 24-28)

SMM Insight 05:54:21PM May 21, 2010 Source:SMM

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

 

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