Monthly Cobalt Market Report Apr 2020
2020-05-15 18:08:36 【Print】
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Market Highlights
South Africa unblocked as scheduled, and the goods were gradually transported in early May. Offers on MB (Metal Bulletin) and raw material discount coefficient dropped, and cobalt raw material prices followed to edge down in May.
With the operating rate of alloy and magnet industry at low levels, producers purchased raw materials cobalt metal and cobalt powder in small volumes, so prices for the two materials fell under pressure.
The power vehicle market was quiet and precursor producers only purchased cobalt sulfate in small volumes, leading to lower prices for cobalt sulfate. In the middle of this month, upstream suppliers raised prices, and cobalt sulfate prices kept stable.
3C market went better than the power market, and prices for cobalt chloride and cobalt tetroxide dropped and stopped falling in the middle of the month.
With ceramic producers' operating rate at low levels, the demand for cobalt oxide was weak, so prices for cobalt oxide fell.
South Africa unblocked as scheduled, and the goods were gradually transported in early May. Offers on MB (Metal Bulletin) and raw material discount coefficient dropped, and cobalt raw material prices followed to edge down in May.
With the operating rate of alloy and magnet industry at low levels, producers purchased raw materials cobalt metal and cobalt powder in small volumes, so prices for the two materials fell under pressure.
The power vehicle market was quiet and precursor producers only purchased cobalt sulfate in small volumes, leading to lower prices for cobalt sulfate. In the middle of this month, upstream suppliers raised prices, and cobalt sulfate prices kept stable.
3C market went better than the power market, and prices for cobalt chloride and cobalt tetroxide dropped and stopped falling in the middle of the month.
With ceramic producers' operating rate at low levels, the demand for cobalt oxide was weak, so prices for cobalt oxide fell.
