SMM Weekly Forecast on China’s Cobalt Market (Feb. 15-19)

SHANGHAI, Feb. 12 (SMM) -- Producers will gradual resume production in the following week, and most market players will return back. SMM expects that transactions will be brisker next week. However, downstream purchasing interest was not high as cobalt prices in overseas market slipped slightly, and actual traded prices may slip slightly.

SMM expects that traded prices will around RMB 335,000/mt for cobalt from Jinchuan Group, and will be in the RMB 71-73/kg for cobalt chloride, RMB 61-63/kg for cobalt sulfate, between RMB 230-233/KG for tricobalt tetroxide, and RMB 239-240/mt for lithium cobalt oxide in the following week.

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