Cobalt Market Report December 2013

Downstream demand remained soft during the month of December as suppliers received few enquires resulting in a rather inactive spot market.Asian Metal Copyright .Asian Metal Copyright Most consumers maintained a hand-to-mouth buying strategy positioning themselves on the sidelines in order to watch where the market will go.Asian Metal Copyright .Asian Metal Copyright The prices for cobalt products remained at a rather low level as the market remained in a rather lackluster state.Asian Metal Copyright 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.Asian Metal Copyright By the end of December, prices of some cobalt products had indeed picked up primarily stemming from the increasing price of cobalt metal.Asian Metal Copyright .Asian Metal Copyright 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.
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