SMM Weekly Forecast on Cobalt Market (Jul. 19-23)-Shanghai Metals Market

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SMM Weekly Forecast on Cobalt Market (Jul. 19-23)

SMM Insight 05:42:12PM Jul 16, 2010 Source:SMM

SHANGHAI, July 16 (SMM) -- Demand for cobalt from lithium battery was extremely sluggish amid seasonal low demand period. Downstream consumers are in more favorable position as cobalt is in surplus. If prices of cobalt concentrate continue falling, prices of cobalt prices will fall further. 

Recent transactions were largely dominated by 99.3% cobalt. Therefore, prices may still have room to fall further and traded prices may move between RMB 310,000-330,000/mt.

It is expected that mainstream traded prices of cobalt chloride may move between 71,000-72,000/mt; prices of tricobalt tetroxide will be temporarily stable around RMB 230/kg and traded prices of lithium cobalt will move in the RMB 235,000-245,000/mt.

 

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 Cobalt Market (Jul. 19-23)

SMM Insight 05:42:12PM Jul 16, 2010 Source:SMM

SHANGHAI, July 16 (SMM) -- Demand for cobalt from lithium battery was extremely sluggish amid seasonal low demand period. Downstream consumers are in more favorable position as cobalt is in surplus. If prices of cobalt concentrate continue falling, prices of cobalt prices will fall further. 

Recent transactions were largely dominated by 99.3% cobalt. Therefore, prices may still have room to fall further and traded prices may move between RMB 310,000-330,000/mt.

It is expected that mainstream traded prices of cobalt chloride may move between 71,000-72,000/mt; prices of tricobalt tetroxide will be temporarily stable around RMB 230/kg and traded prices of lithium cobalt will move in the RMB 235,000-245,000/mt.

 

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