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SMM Weekly Forecast on Cobalt Market (Aug. 2-6)
Jul 30,2010 17:30CST
smm insight
Source:SMM
It is expected that mainstream traded prices of refined cobalt will move between RM 300,000-320,000/mt.

SHANGHAI, July 30 (SMM) -- Although transactions of certain cobalt products increased, demand from end-users hasn't shown any sign to improve. In this context, domestic cobalt products will continue to fluctuate at low levels. 

It is expected that mainstream traded prices of refined cobalt will move between RM 300,000-320,000/mt, prices of cobalt chloride may move between 73,000-75,000/mt, prices of tricobalt tetroxide will move between RMB 225-230/kg and traded prices of lithium cobalt will move in the RMB 230,000-235,000/mt in the following week.

 

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