Weekly Review and Forecast on China's Cobalt Market (Feb. 21-25)

Feb 18, 2011 17:18

SMM expects that traded prices will around RMB 335,000/mt for cobalt from Jinchuan Group

SHANGHAI, Feb. 18 (SMM) -- Trading sentiment will be brisker in the following week, as producers will gradually resume production and most market players will return market. However, traded prices are expected to be stable as downstream producers have certain amount of inventories and overseas cobalt prices are stable. It is expected that trading volumes will increase slightly and traded prices will remain stable.

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 62-64/kg for cobalt sulfate, between RMB 231-233/kg for tricobalt tetroxide, and RMB 237-240/mt for lithium cobalt oxide in the following week.

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Weekly Review and Forecast on China's Cobalt Market (Feb. 21-25)

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