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.
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