SMM May 7 Cobalt Chloride spot Express: downstream inquiry increases cobalt chloride price stalemate

SMM5 July 7: the current market mainstream cobalt chloride price is 5.3-56000 yuan / ton, downstream inquiry increased, the current market downstream counter-offer price is mainly 5.2-53000 yuan / ton, cobalt salt plant price is still strong, upstream and downstream price stalemate.

A number of cobalt salt plants feedback cobalt raw materials temporarily enough, part of the cobalt salt plant feedback, the recent raw materials are expected to postpone to May 20 can leave Hong Kong, cobalt raw material prices are still high, the mainstream cobalt salt plants can not purchase cheap raw materials, the willingness to reduce shipments is currently low; however, it is not ruled out that a small number of manufacturers or due to the lack of cash to purchase cobalt raw materials, a small number of shipments to maintain capital flow, the decline is expected to be small.