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[Minor metal] Offers for Refined Cobalt Continue to Rise in Domestic Market
SHANGHAI, July 13 (CBI China) -- Offers for refined cobalt continued to increase in domestic market, driven up by rising MB prices. Current offers were RMB 350,000/mt for Jinchuan refined cobalt, and were RMB 330,000-340,000/mt for imported refined cobalt.
Sources report that trading sentiment was lackluster in domestic market. The price hike increased the market risks given no changes in the demand. The wait-and-see attitude prevailed among downstream consumers, leading to limited trading volumes.
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