Monthly Cobalt Market Report Mar 2020
2020-04-20 09:43:42 【Print】
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1. Market Highlights
The lockdown of South Africa supported cobalt products prices this month, and Chinese smelters held raw material stocks for at least one month to guarantee production, so spot raw materials market saw scarce transactions.
The export business of alloy and magnet was interrupted by the COVID-19 outbreak in Europe and America, so the demand for cobalt metal and cobalt powder decreased, leading to lower prices for the two materials.
With NEV sales falling further, precursor plants purchased raw material cobalt sulfate with caution, so cobalt sulfate prices slumped.
With 3C market seeing limited transactions, the demand for cobalt chloride and cobalt tetroxide was limited, so prices for the two materials bore downward pressure.
With ceramic industry's operating rate at low levels, producers only made a few purchases of raw material cobalt oxide, so cobalt oxide prices fell.
The lockdown of South Africa supported cobalt products prices this month, and Chinese smelters held raw material stocks for at least one month to guarantee production, so spot raw materials market saw scarce transactions.
The export business of alloy and magnet was interrupted by the COVID-19 outbreak in Europe and America, so the demand for cobalt metal and cobalt powder decreased, leading to lower prices for the two materials.
With NEV sales falling further, precursor plants purchased raw material cobalt sulfate with caution, so cobalt sulfate prices slumped.
With 3C market seeing limited transactions, the demand for cobalt chloride and cobalt tetroxide was limited, so prices for the two materials bore downward pressure.
With ceramic industry's operating rate at low levels, producers only made a few purchases of raw material cobalt oxide, so cobalt oxide prices fell.
