8th World Antimony Forum
TBD
Guiyang, Guizhou, China
12th Rare Earth Summit
TBD
Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
TBD
Hangzhou, Zhejiang, China
9th Magnesium Summit
TBD
Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
TBD
Hangzhou, Zhejiang, China
7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
Monthly Cobalt Market Report Aug 2020
2020-09-15 19:20:55 【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
Offers on MB (Metal Bulletin) rose this month, and most of Chinese cobalt raw material traders showed strong interest in holding back from selling in the spot market, so cobalt raw material prices increased. In the middle of this month, with tight supply of raw material got eased, the raw material market was in a stalemate.
In August, the orders of alloy and magnet industry did not rise as expected, but prices for cobalt metal and cobalt powder continued to rise supported by higher raw material prices. In late August, along with tight supply of raw material eased, cobalt metal prices fell and cobalt powder market was in a stalemate.
In the power vehicle market, the end power vehicle market improved month by month, so LNCMO market saw a few more orders MOM. Cobalt salts producers still insisted on cobalt sulfate prices early this month, but prices for cobalt sulfate began to fall in mid-to-late August as transactions were limited.
The 3C market saw active transactions. Cobalt tetroxide and cobalt chloride suppliers made strong offers in early August. Cobalt tetroxide prices kept stable in mid-to-late August as the tight supply of raw material got eased.
Ceramic and pigment plants did not close orders as expected dragged by sluggish consumption in real estate industry, so they only purchased cobalt oxide in small volumes. But cobalt oxide prices kept stable after rising this month supported by firm cobalt tetroxide prices.
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Offers on MB (Metal Bulletin) rose this month, and most of Chinese cobalt raw material traders showed strong interest in holding back from selling in the spot market, so cobalt raw material prices increased. In the middle of this month, with tight supply of raw material got eased, the raw material market was in a stalemate.
In August, the orders of alloy and magnet industry did not rise as expected, but prices for cobalt metal and cobalt powder continued to rise supported by higher raw material prices. In late August, along with tight supply of raw material eased, cobalt metal prices fell and cobalt powder market was in a stalemate.
In the power vehicle market, the end power vehicle market improved month by month, so LNCMO market saw a few more orders MOM. Cobalt salts producers still insisted on cobalt sulfate prices early this month, but prices for cobalt sulfate began to fall in mid-to-late August as transactions were limited.
The 3C market saw active transactions. Cobalt tetroxide and cobalt chloride suppliers made strong offers in early August. Cobalt tetroxide prices kept stable in mid-to-late August as the tight supply of raw material got eased.
Ceramic and pigment plants did not close orders as expected dragged by sluggish consumption in real estate industry, so they only purchased cobalt oxide in small volumes. But cobalt oxide prices kept stable after rising this month supported by firm cobalt tetroxide prices.
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