[Al] Guangdong Dongyangguang Aluminum Estimates Net Profits Down 70-90% in 1H

SHANGHAI, July 29 (SMM) -- Traded prices for cobalt salt fell slightly in domestic market due to weak demand. Current traded prices moved in the RMB 73,000-75,000/mt range.
&nbsp;&nbsp;&nbsp; Sources report that recent offers were mainly in the RMB 76,000-80,000/mt range, but the downstream demand was weak, and trading volumes were limited. In this context, a portion of cobalt salt producers with limited capital, as well as traders began reducing prices to move cargos.
&nbsp;&nbsp;&nbsp; In other news, the traded prices of these goods, mainly previous inventories, were flat at cost prices. Costs for cobalt chloride were RMB 80,000/mt or above based on current ore prices.
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