Monthly Cobalt Market Report Dec 2019
2020-01-15 17:57:51 【Print】
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1 Market Highlights
Cobalt offers on MB (Metal Bulletin) fell early this month, and cobalt products market was covered by pessimistic sentiment in China. Offers on MB (Metal Bulletin) showed signs of rising at the end of this month, and cobalt raw material prices kept firm.
With the Spring Festival holiday to come, alloy and magnet producers replenished stocks, so cobalt powder and cobalt metal prices gradually rebounded at the month end.
LNCMO battery plants left for the holiday in advance, so cobalt sulfate prices bore pressure further. Producers largely raised offers at the end of this month, leading to rebounding prices for the material.
Despite 3C market in the low season, downstream plants replenished stocks, so cobalt tetroxide and cobalt chloride market saw more transactions and firm prices in the month end.
The demand for cobalt oxide from ceramic industry kept weak, but cobalt oxide prices stopped falling as consumers made purchases for the holiday considering the suspension of logistics.
Cobalt offers on MB (Metal Bulletin) fell early this month, and cobalt products market was covered by pessimistic sentiment in China. Offers on MB (Metal Bulletin) showed signs of rising at the end of this month, and cobalt raw material prices kept firm.
With the Spring Festival holiday to come, alloy and magnet producers replenished stocks, so cobalt powder and cobalt metal prices gradually rebounded at the month end.
LNCMO battery plants left for the holiday in advance, so cobalt sulfate prices bore pressure further. Producers largely raised offers at the end of this month, leading to rebounding prices for the material.
Despite 3C market in the low season, downstream plants replenished stocks, so cobalt tetroxide and cobalt chloride market saw more transactions and firm prices in the month end.
The demand for cobalt oxide from ceramic industry kept weak, but cobalt oxide prices stopped falling as consumers made purchases for the holiday considering the suspension of logistics.
