SMM Weekly Forecast on China's Cobalt Market (Jun. 7-11)-Shanghai Metals Market

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SMM Weekly Forecast on China's Cobalt Market (Jun. 7-11)

SMM Insight 05:18:25PM Jun 04, 2010 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- Prices of cobalt series products are expected to stay stable in the following week due to support from firm raw material prices and costs.

Mainstream traded prices of cobalt chloride may get support at RMB 72,000/mt and prices of spot tricobalt tetroxide may move around RMB 240/kg. Traded prices of lithium cobalt oxide will move between RMB 245,000-255,000/mt.

Purchases for lithium cobalt oxide may increase recently as prices almost bottomed out. Market participants are suggested focusing on transactions of lithium cobalt oxide in the following week. It is known transactions of lithium cobalt oxide increase over the past two years when prices of lithium cobalt oxide hit the cost level, and prices of cobalt series products only warm up after lithium cobalt dioxide price increases.

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


 

 

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

SMM Weekly Forecast on China's Cobalt Market (Jun. 7-11)

SMM Insight 05:18:25PM Jun 04, 2010 Source:SMM

SHANGHAI, Jun. 4 (SMM) -- Prices of cobalt series products are expected to stay stable in the following week due to support from firm raw material prices and costs.

Mainstream traded prices of cobalt chloride may get support at RMB 72,000/mt and prices of spot tricobalt tetroxide may move around RMB 240/kg. Traded prices of lithium cobalt oxide will move between RMB 245,000-255,000/mt.

Purchases for lithium cobalt oxide may increase recently as prices almost bottomed out. Market participants are suggested focusing on transactions of lithium cobalt oxide in the following week. It is known transactions of lithium cobalt oxide increase over the past two years when prices of lithium cobalt oxide hit the cost level, and prices of cobalt series products only warm up after lithium cobalt dioxide price increases.

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