Home / Metal News / Copper / SMM Weekly Review on China’s Domestic Cobalt Market
SMM Weekly Review on China’s Domestic Cobalt Market
Aug 27, 2010 19:23CST
Source:SMM

SHANGHAI, Aug. 27 (SMM) -- Traditionally, late August is the usual peak production period at lithium cobalt oxide producers, but production is as good as expected in this year, according to orders received by lithium cobalt oxide producers. It is expected that orders received by lithium cobalt oxide producers were only 70-80% of previous level. Affected by sluggish lithium cobalt oxide market, any room for lithium cobalt oxide prices to climb further will be limited. It is expected that lithium cobalt oxide prices will still move around RMB 235-240/kg. 
 
Supply of domestic refined cobalt increased, and production of refined from Nantong new nickel and cobalt Wei Technology Development Co., Ltd. and Yuanjiang Nickel will undoubtedly increase domestic supply, which may drag down high-priced refined nickel prices. It is expected that mainstream traded prices of refined nickel in China will move between RMB 320,000-330,000/mt in the following week. 
 
Any room for domestic cobalt chloride and tricobalt tetroxide will be limited in the following week given reduced orders at downstream producers and expanded cobalt capacities. It is expected that prices for cobalt chloride will move between RMB 72-74/kg and prices for tricobalt tetroxide will move around RMB 233/kg.

 

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



 

Manganese Cobalt Silicon Selenium Bismuth
minor metal price
Mn Co Si Se Bi

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news