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[Minor metal] Traded Prices for Cobalt Salt Fall Slightly

iconAug 3, 2009 00:00

SHANGHAI, Aug. 3 (SMM) -- Transactions were weak in domestic cobalt salt market, and traded prices fell slightly. Currently, cobalt chloride is traded in the RMB 72,000-75,000/mt range, and cobalt sulfate is traded in the RMB 62,000-65,000/mt range. 

    SMM believes the falling cobalt salt prices were due mainly to weak downstream demand during seasonal low demand period and only selected producers with capital problem sold off some inventories.

    In other news, deals were mainly among producers, and purchases from end-users were limited.

 

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