Cobalt Market Report December 2013
2014-01-09 08:41:52 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Downstream demand remained soft during the month of December as suppliers received few enquires resulting in a rather inactive spot market
. Most consumers maintained a hand-to-mouth buying strategy positioning themselves on the sidelines in order to watch where the market will go . The prices for cobalt products remained at a rather low level as the market remained in a rather lackluster state . By the end of December, prices of some cobalt products had indeed picked up primarily stemming from the increasing price of cobalt metal . However, many participants believe that consumers are delaying the replenishing of their stocks, due to the fact that they have purchased material at a lower price at the beginning of December, therefore are waiting to see whether prices edge downwards once again.