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Home / Metal News / Demand Gradually Weakened in March and the Cobalt Sulphate Market May Remain in Oversupply in April

Demand Gradually Weakened in March and the Cobalt Sulphate Market May Remain in Oversupply in April

Apr 14, 2023 09:58

Source:SMM

Chinese cobalt sulphate market saw a supply surplus of 2,465 mt in metal content in March.

It is expected that in April, demand for cobalt sulphate will drop. China’s cobalt sulphate output is estimated at 7,213 mt in metal content in April, down 3% MoM, but up 11% YoY.

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SHANGHAI, Oct 28 (SMM) - According to SMM survey, the spot price of lithium carbonate had risen for ten consecutive days since October 14.

Oct 28, 2022 11:29

Industry

Average Price of Lithium Carbonate Exceeds 550,000 yuan/mt, Refined Cobalt Prices Record Four-Day Losing Streak

Data: SHFE, DCE market movement (Oct 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 27, 2022

Oct 27, 2022 15:22

Analysis

Data: SHFE, DCE market movement (Oct 27)

Lithium Battery Cathode Material Recycling and Repair Project with an Annual Capacity of 50,000 mt Announced, and Will it Point out a New Direction for Lithium Battery Recycling?

In recent years, the demand for new energy vehicles has exploded, and the installed capacity of lithium power batteries is also increasing year by year.

Oct 21, 2022 16:10

SMM Comments

Lithium Battery Cathode Material Recycling and Repair Project with an Annual Capacity of 50,000 mt Announced, and Will it Point out a New Direction for Lithium Battery Recycling?

Raw Material Prices Continued to Rise, and Battery-Grade Nickel Sulphate Prices were Strongly Supported by the Cos

The prices of battery-grade nickel sulphate were 39,500-41,000 yuan/mt as of Friday, an increase of 650 yuan/mt on the week.

Oct 21, 2022 16:08

SMM Comments

Raw Material Prices Continued to Rise, and Battery-Grade Nickel Sulphate Prices were Strongly Supported by the Cos

SMM Outlook: Cokes Price will Enjoy Strong Upward Momentum in October

In conclusion, SMM believes that rising coking coal prices will underpin the coke prices, and the second round of coke price hike will be completed soon. Therefore, coke prices will move upward in October amid tight supply.

Oct 14, 2022 17:24

SMM Insight

SMM Outlook: Cokes Price will Enjoy Strong Upward Momentum in October

Domestic Iron Ore Prices in October may Usher in a Fourth-Quarter High amid the Growing Demand

In September, the average price index of domestic ores added 17 yuan/mt.

Oct 12, 2022 17:01

SMM Insight

Domestic Iron Ore Prices in October may Usher in a Fourth-Quarter High amid the Growing Demand

Prices of Spot Stainless Steel Fluctuated with some Downward Potential amid the Rising Costs

On October 12, spot prices of stainless steel in Wuxi market dropped more than those in the Foshan market.

Oct 12, 2022 16:56

SMM Comments

Prices of Spot Stainless Steel Fluctuated with some Downward Potential amid the Rising Costs

Post-Holiday Lead Consumption Can Be Expected, Eyes on Downstream Restocking, Secondary Lead Profitability and Covid-19 in Oct

Looking into to October, the supply of lead ingots is expected to tighten regionally as primary lead smelters in Yunnan have received a notice of power rationing, and the transportation of battery scrap in Anhui has been restricted due to the pandemic.

Oct 11, 2022 13:08

SMM Insight

Post-Holiday Lead Consumption Can Be Expected, Eyes on Downstream Restocking, Secondary Lead Profitability and Covid-19 in Oct

Data: SHFE, DCE market movement (Oct 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 10, 2022

Oct 10, 2022 15:44

Analysis

Data: SHFE, DCE market movement (Oct 10)

Copper Prices may Fluctuate with some Downward Potential this Week amid the Depreciation of RMB

Last week, copper prices bore huge pressure from the macro front.

Sep 26, 2022 14:36

SMM Insight

Copper Prices may Fluctuate with some Downward Potential this Week amid the Depreciation of RMB

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Demand Gradually Weakened in March and the Cobalt Sulphate Market May Remain in Oversupply in April

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo