Production cut to affect some 600 mt of cobalt oxide output

Published: Jun 25, 2018 14:18

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A total of 600 mt of cobalt oxide (II,III) supply is likely to be affected by production cut or suspension at some suppliers

SHANGHAI, Jun 25 (SMM) – A total of 600 mt of cobalt oxide (II,III) supply is likely to be affected by production cut or suspension at some suppliers, SMM learned.

A supplier in north China planned to suspend its production and undergo maintenance for 10 days due to sluggish demand. Another supplier in Zhejiang province in east China also told SMM that it would cut production on intensive environmental probes recently.

As of Friday June 22, SMM assessed cobalt oxide (II,III) at 430,000-440,000 yuan/mt, down 65,000 yuan/mt from 495,000-505,000 yuan/mt seen throughout April.

Operation update cobalt oxide (II III)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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