Weekly Review and Forecast on China's Cobalt Market (Mar. 7-11)-Shanghai Metals Market

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Weekly Review and Forecast on China's Cobalt Market (Mar. 7-11)

SMM Insight 05:13:28PM Mar 04, 2011 Source:SMM

SHANGHAI, Mar. 4 (SMM) -- Based on performance of LME and MB cobalt prices, SMM believes that cobalt prices will experience slight corrections but will be largely stable in the following week. 

A domestic cobalt producer that has 5,000 mt of capacity reported to SMM that the company will adjust prices if cobalt prices released on MB website continue to rise in the following week. However, upward momentum of cobalt prices will be curbed by relatively weak downstream demand. In this context, prices will remain stable in the short term, but enquiries will be more active. 

 

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

Weekly Review and Forecast on China's Cobalt Market (Mar. 7-11)

SMM Insight 05:13:28PM Mar 04, 2011 Source:SMM

SHANGHAI, Mar. 4 (SMM) -- Based on performance of LME and MB cobalt prices, SMM believes that cobalt prices will experience slight corrections but will be largely stable in the following week. 

A domestic cobalt producer that has 5,000 mt of capacity reported to SMM that the company will adjust prices if cobalt prices released on MB website continue to rise in the following week. However, upward momentum of cobalt prices will be curbed by relatively weak downstream demand. In this context, prices will remain stable in the short term, but enquiries will be more active. 

 

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