Cobalt Market Report August 2012

In August, cobalt metal market saw the rising trend.Asian Metal CopyrightIn August, cobalt metal market saw the rising trend.Asian Metal Copyright European cobalt market insiders enjoyed summer vacation in August, and demand kept weak, but some producers would like to reduce output rather than lower their prices further because there was thin profit after long-term price falling.Asian Metal Copyright On the other hand, traders were anxious to push up price before consumers came back to the market.Asian Metal Copyright On the other hand, traders were anxious to push up price before consumers came back to the market.Asian Metal Copyright European cobalt market insiders enjoyed summer vacation in August, and demand kept weak, but some producers would like to reduce output rather than lower their prices further because there was thin profit after long-term price falling.Asian Metal Copyright Meanwhile, Chinese market participants generally declined their outputs and some major producers halted production in Zhejiang and Jiangsu, which restrained the supply to some extent.Asian Metal Copyright On the other hand, traders were anxious to push up price before consumers came back to the market.Asian Metal Copyright However, not all cobalt products prices went up in August in China, with cobalt metal and cobalt chloride prices rising, while cobalt powder and cobalt oxide prices went down impacted by slow demand from downstream industries.
.Asian Metal Copyright Meanwhile, Chinese market participants generally declined their outputs and some major producers halted production in Zhejiang and Jiangsu, which restrained the supply to some extentAsian Metal Copyright