Cobalt Market Report November 2013
2013-12-13 17:25:20 【Print】
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Chinese cobalt market appeared a big fluctuation this month
. Decline range of cobalt metal 99 . 8%min, cobalt tetroxide and cobalt chloride are most outstanding . Downstream consumers are trying to use up their existing stocks and keep them as little as possible at the end of year . While suppliers are eager to clear out large stocks and return funds . Large-scale producers don’t want to keep stocks in large quantities, therefore they cut the price and sell overstocked products, causing price sharply decline for the three products . Consumers get the message and expect the price will drop further, taking the watching attitude and increasing their stocks at bottom price . Inquires and concluded deals decrease and some small-scale producers are reluctant to sell instead increasing stocks . It is expected that the weak market state won’t turn warm at end of the year.