SHANGHAI, Jan. 6 (CBI China) -- After Jinchuan Group increased prices yesterday, domestic refined cobalt prices raised slightly, with the dominant prices at RMB 280-290/kg.
It is reported that Jinchuan Group will increase refined cobalt prices to RMB 290,000/mt from the previous RMB 270,000/mt, the other domestic refined cobalt suppliers raised the prices follow suit.
CBI believes that the prices are unlikely to rise due to the sluggish downstream demand and the ample domestic spot supply.
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