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[Minor metal] SMM Forecast - Domestic Cobalt Market
SHANGHAI, Sept. 18 (SMM) -- Prices for cobalt products will remain stable before National Day. At present, most suppliers report normal cash flow, leaving little possibility of sell-off activity below cost prices. Domestic prices are expected to edge down if MB prices continue to move down.
Next week, refined cobalt will be traded at RMB 300,000-330,000/mt; cobalt chloride will be traded at RMB 71,000-72000/mt; prices will be RMB 60,000-63,000/mt for cobalt sulfate; prices will be RMB 230,000 for cobalt oxide (II,III); prices will be RMB 235,000/mt for lithium cobalt oxide.
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