SMM Weekly Forecast on China's Cobalt Market (Mar. 28-Apr.1)-Shanghai Metals Market

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SMM Weekly Forecast on China's Cobalt Market (Mar. 28-Apr.1)

SMM Insight 06:29:12PM Mar 25, 2011 Source:SMM

SHANGHAI, Mar. 25 (SMM) -- Restricted by soft downstream prices, tight capital flow and high inventory, SMM believes that prices of cobalt concentrate will face downward pressure. However, any room for cobalt prices to fall will be limited given that costs were still high, despite of weak demand.

Prices of cobalt chloride will be around RMB 70/kg, and prices of cobalt sulfate will be around RMB 61/kg. Prices of tricobalt tetroxide will be around RMB 225/kg, and prices of lithium cobalt oxide will be around 235/kg in the following week.

 

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   minor metal  

SMM Weekly Forecast on China's Cobalt Market (Mar. 28-Apr.1)

SMM Insight 06:29:12PM Mar 25, 2011 Source:SMM

SHANGHAI, Mar. 25 (SMM) -- Restricted by soft downstream prices, tight capital flow and high inventory, SMM believes that prices of cobalt concentrate will face downward pressure. However, any room for cobalt prices to fall will be limited given that costs were still high, despite of weak demand.

Prices of cobalt chloride will be around RMB 70/kg, and prices of cobalt sulfate will be around RMB 61/kg. Prices of tricobalt tetroxide will be around RMB 225/kg, and prices of lithium cobalt oxide will be around 235/kg in the following week.

 

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   minor metal