Briefing on China's Cobalt Market -Shanghai Metals Market

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Briefing on China's Cobalt Market

SMM Insight 06:45:13PM Jun 30, 2010 Source:SMM

SHANGHAI, Jun. 30 (SMM) -- Transactions at domestic refined cobalt prices were sluggish, and prices were temporarily stable. Mainstream traded prices of cobalt from Jinchuan Group were at RMB 345,000/mt, mainstream traded prices of cobalt from Zambia were at RMB 340,000/mt and mainstream traded prices of nickel from Jiangsu Cobalt Nickel Metal Co were between RMB 335,00 and 340,000/mt.

It is reported that consumers only made purchases for low-priced products on an as-needed basis under the oversupply context. Transactions of Morocco cobalt and some domestic cobalt were better than cobalt from Jinchuan Group, with deals largely done between RMB 310,000 and 320,000/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

 

Briefing on China's Cobalt Market

SMM Insight 06:45:13PM Jun 30, 2010 Source:SMM

SHANGHAI, Jun. 30 (SMM) -- Transactions at domestic refined cobalt prices were sluggish, and prices were temporarily stable. Mainstream traded prices of cobalt from Jinchuan Group were at RMB 345,000/mt, mainstream traded prices of cobalt from Zambia were at RMB 340,000/mt and mainstream traded prices of nickel from Jiangsu Cobalt Nickel Metal Co were between RMB 335,00 and 340,000/mt.

It is reported that consumers only made purchases for low-priced products on an as-needed basis under the oversupply context. Transactions of Morocco cobalt and some domestic cobalt were better than cobalt from Jinchuan Group, with deals largely done between RMB 310,000 and 320,000/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