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[Minor metal] CBI Forecast - Domestic Cobalt Market
SHANGHAI, July 17 (CBI China) -- Transactions became slimmer and slimmer with continued rising cobalt prices. The battery and other downstream enterprises will likely purchase cobalt products in spot market in late July. If MB prices continue to grow strongly, downstream enterprises are expected to purchase.
CBI believes market prices will likely receive more supports from buyers recently.
Next week, refined cobalt will be traded in the RMB 350,000-360,000/mt range; cobalt chloride will be traded in the RMB 75,000-78,000/mt range; prices will be RMB 65,000-68,000/mt for cobalt sulfate; prices will be RMB 250,000/mt for cobalt oxide (II,III); prices will be RMB 250,000-255,000/mt for lithium cobalt oxide.
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