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[Minor metal] Domestic Prices for Cobalt Chloride Continue to Slip
SHANGHAI, Sept. 21 (SMM) -- Domestic prices for cobalt chloride inched down to RMB 70,000/mt from previous range of RMB 71,000-72,000/mt.
SMM believes cobalt chloride prices declined due mainly to weak demand and supply surplus in the market. In the mean time, consumers reduced cobalt chloride prices jointly, and a portion of suppliers sold off goods in order to have enough cash to replenish raw material stocks, remaining another two reasons behind falling cobalt chloride prices.
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