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[Minor metal] Forecast of Domestic Cobalt Market Next Week
SHANGHAI, Apr. 24 (CBI China) -- Gradual arrivals of refined cobalt exerted great pressure on the market, and the price is expected to fall, and domestic prices of cobalt products will also have downward pressure. However, the cost and the high price of ore will support the cobalt price, leaving limited downward room for the price.
Next week, refined cobalt prices will be less than RMB 300,000/mt; prices will be RMB 75,000 for cobalt chloride; cobalt sulfate prices will be RMB 65,000mt; prices will be around RMB 250,000/mt for cobalt oxide (II,III); prices will be around RMB 250,000/mt for lithium cobalt oxide.
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