Monthly Cobalt Market Report Jun 2019
2019-07-17 14:02:48 【Print】
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Market Highlights
Entering June, cobalt prices dropped further both at home and abroad, and downstream consumers showed little interest in purchases. Affected by tariff raise, cemented carbide market saw fewer orders. Downstream plants reduced the demand for cobalt metal and cobalt powder, leading to limited transactions for the two materials amid sluggish market. Impacted by persistently dropping prices for cobalt metal both at home and abroad, cobalt salts prices were hard to keep stable. With the grace period of new energy subsidy expiring on 25 June, the power vehicle market saw limited transactions and Chinese LNCMO producers reduced production, leading to limited transactions and lower prices for cobalt sulfate. 3C market saw the traditional off season from June, and the cellphone market was quiet, leading to persistently dropping prices for LCO, so prices for raw materials of cobalt tetroxide and cobalt chloride fell. Downstream ceramic industry saw fewer orders. Impacted by continuously decreased cobalt prices, downstream consumers were bearish about the market outlook of cobalt oxide and purchased in small volumes with caution, leading to lower prices for cobalt oxide.
Entering June, cobalt prices dropped further both at home and abroad, and downstream consumers showed little interest in purchases. Affected by tariff raise, cemented carbide market saw fewer orders. Downstream plants reduced the demand for cobalt metal and cobalt powder, leading to limited transactions for the two materials amid sluggish market. Impacted by persistently dropping prices for cobalt metal both at home and abroad, cobalt salts prices were hard to keep stable. With the grace period of new energy subsidy expiring on 25 June, the power vehicle market saw limited transactions and Chinese LNCMO producers reduced production, leading to limited transactions and lower prices for cobalt sulfate. 3C market saw the traditional off season from June, and the cellphone market was quiet, leading to persistently dropping prices for LCO, so prices for raw materials of cobalt tetroxide and cobalt chloride fell. Downstream ceramic industry saw fewer orders. Impacted by continuously decreased cobalt prices, downstream consumers were bearish about the market outlook of cobalt oxide and purchased in small volumes with caution, leading to lower prices for cobalt oxide.
