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Home / Metal News / [Minor metal] Refined Cobalt Prices Stabilize

[Minor metal] Refined Cobalt Prices Stabilize

iconSep 10, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 10 (SMM) -- Transactions stabilized in domestic refined cobalt market, with mainstream traded prices in the RMB 300,000-340,000/mt range.

    Almost no cobalt resources are available in the market with prices below RMB 300,000/mt, and consumers and traders with no inventories began replenishing stocks, resulting in increased trading volumes.

    SMM believes refined cobalt prices lacked upward momentum given low downstream demand, but will likely move up along with increasing trading volumes.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

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