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SMM May 20th Cobalt Chloride spot Express: shortage of unilateral Cobalt Raw Materials affects Cobalt Chloride Price to rise slightly
May 20,2020 12:03CST
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Source:SMM
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SMM5 March 20: the current mainstream price in the market is 5.4-56500 yuan / ton, the average price is 250 yuan / ton higher than the day before.

The shortage of unilateral cobalt raw materials has prompted cobalt salt factories to raise their quotations. Cobalt chloride today's mainstream quotation of cobalt salt plants is 5.6-57000 yuan / ton. Downstream cobalt tetroxide manufacturers are also expected to raise their quotations this week and increase their acceptance of the purchase price of cobalt chloride to 5.4-55000 yuan per ton. there are even a small amount of 56000 yuan / ton. SMM customer feedback today cobalt chloride 55000 yuan / ton, shipping 2 cars. However, due to the downstream consumer end has not recovered, lithium cobalt battery factory, lithium cobalt material factory on cobalt tetroxide and cobalt chloride price increase view is that the increase is not large, consumer uncertainty is still more, there is no bullish hoarding behavior, still normal production and procurement.

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