Monthly Cobalt Market Report Nov 2020
2020-12-16 17:23:04 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
In November, the magnetic material market saw slightly growing orders; but out of a wait-and-see sentiment, downstream clients purchased cobalt metal only in small quantities in line with orders they received. Further affected by the fact that supply of imported and low-priced cobalt metal was still available on the market, cobalt metal prices in China moved down.
On the power battery market, except a few LNCMO producers who cut production, the overall LNCMO market continued to see increasing orders compared with in October, so market demand for raw material cobalt sulfate was stable. Further underpinned by firm raw material prices, cobalt sulfate prices stabilized this month.
This month, the 3C market saw deals decreasing slightly, so some LCO producers cut production accordingly; but supported by firm prices for cobalt raw materials in the recent month, cobalt chloride and cobalt tetroxide suppliers kept their quotations firm.
Owing to sluggish real estate market, clients from ceramics and pigment industries purchased cobalt oxide only in small quantities, so the cobalt oxide market saw limited deals and prices for the material moved down.
In November, the magnetic material market saw slightly growing orders; but out of a wait-and-see sentiment, downstream clients purchased cobalt metal only in small quantities in line with orders they received. Further affected by the fact that supply of imported and low-priced cobalt metal was still available on the market, cobalt metal prices in China moved down.
On the power battery market, except a few LNCMO producers who cut production, the overall LNCMO market continued to see increasing orders compared with in October, so market demand for raw material cobalt sulfate was stable. Further underpinned by firm raw material prices, cobalt sulfate prices stabilized this month.
This month, the 3C market saw deals decreasing slightly, so some LCO producers cut production accordingly; but supported by firm prices for cobalt raw materials in the recent month, cobalt chloride and cobalt tetroxide suppliers kept their quotations firm.
Owing to sluggish real estate market, clients from ceramics and pigment industries purchased cobalt oxide only in small quantities, so the cobalt oxide market saw limited deals and prices for the material moved down.
