Cobalt Market Report July 2014
2014-08-19 14:15:57 【Print】
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July was still a off-season for cobalt market, however, prices of cobalt metal both in domestic and international market witnessed a further uptick this month, particularly European cobalt metal prices
. In mid-July being affected by purchasing plan of Chinese SBR, Chinese cobalt transaction prices continued to pick up and most producers raised their quotations . A majority of European traders were bullish on future market due to continuing cobalt metal supply shortage . Meanwhile, more market activity was seen during that time compared with that of previous years . In the end of July, cobalt metal prices kept stable while demand declined slightly . However, considering the coming end of summer holiday in late August and early September, most participants are confident in anther increment in cobalt metal prices in the near future.