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[Minor metal] Forecast of Domestic Cobalt Market Next Week
SHANGHAI, May 8 (CBI China) -- Currently, the market prices of cobalt products were above cost lines, and the selling price of some cobalt salt was even lower than the cost price. Hence, the downward room for the price will be limited despite of demand declines. The tightness of domestic ore supply and high ore price will help support the cobalt prices.
Next week, refined cobalt prices will be around RMB 300,000/mt; prices will be RMB 72,000-75,000 for cobalt chloride; cobalt sulfate prices will be RMB 60,000-65,000mt; prices will be RMB 240,000-250,000/mt for cobalt oxide (II,III); prices will be around RMB 250,000/mt for lithium cobalt oxide.
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