SMM Weekly Forecast on China's Cobalt Market (Mar. 21-25)-Shanghai Metals Market

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SMM Weekly Forecast on China's Cobalt Market (Mar. 21-25)

SMM Insight 05:18:59PM Mar 18, 2011 Source:SMM

SHANGHAI, Mar. 18 (SMM ) -- Based on performance of cobalt price released on MB website, SMM believes cobalt prices will be further weighed in the following week, but any room for prices to fall further will be limited due to thin profit available. 

With the upcoming peak purchasing period in April, demand for cobalt will grow to certain extent. Huge earthquake and tsumani in Japan will negatively affect exports of lithium cobalt oxide and tricobalt tetroxide to Japan to certain extent in the short term. Whether or not production can be resumed or not shall demand on implementation of power supply restriction.   

Prices of cobalt chloride will move in the RMB 69-70/kg, and prices of cobalt sulfate will fluctuate in the RMB 60-61/kg range. Prices of tricobalt tetroxide will be in the RMB 225-230/kg range, and prices of lithium cobalt oxide will be  in the RMB 233-238/kg range.

 

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

Key Words:  cobalt   cobalt price  

SMM Weekly Forecast on China's Cobalt Market (Mar. 21-25)

SMM Insight 05:18:59PM Mar 18, 2011 Source:SMM

SHANGHAI, Mar. 18 (SMM ) -- Based on performance of cobalt price released on MB website, SMM believes cobalt prices will be further weighed in the following week, but any room for prices to fall further will be limited due to thin profit available. 

With the upcoming peak purchasing period in April, demand for cobalt will grow to certain extent. Huge earthquake and tsumani in Japan will negatively affect exports of lithium cobalt oxide and tricobalt tetroxide to Japan to certain extent in the short term. Whether or not production can be resumed or not shall demand on implementation of power supply restriction.   

Prices of cobalt chloride will move in the RMB 69-70/kg, and prices of cobalt sulfate will fluctuate in the RMB 60-61/kg range. Prices of tricobalt tetroxide will be in the RMB 225-230/kg range, and prices of lithium cobalt oxide will be  in the RMB 233-238/kg range.

 

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

Key Words:  cobalt   cobalt price