2012 Annual Report on Cobalt Market
2013-02-28 17:57:18 【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 Cobalt price analysis in China
Influenced by European debt crisis, sluggish US economy and economic slowdown in China, China cobalt price had been trending downwards in the most times of 2012. Consumers were unwilling to build up high inventory because of an overall oversupply and a lack of confidence about the market in the future, so the price ran at a low level. Spurred by the rising European prices in February, 2012, China cobalt metal prices spiked to the peak of RMB238-256/kg (USD37.90-40.76/kg) or so, but then plummeted to RMB198-213/kg (USD31.53-33.92/kg) in December, a bottom price level since 2008.
Influenced by European debt crisis, sluggish US economy and economic slowdown in China, China cobalt price had been trending downwards in the most times of 2012. Consumers were unwilling to build up high inventory because of an overall oversupply and a lack of confidence about the market in the future, so the price ran at a low level. Spurred by the rising European prices in February, 2012, China cobalt metal prices spiked to the peak of RMB238-256/kg (USD37.90-40.76/kg) or so, but then plummeted to RMB198-213/kg (USD31.53-33.92/kg) in December, a bottom price level since 2008.
