Monthly Cobalt Market Report Jan 2020
2020-04-22 11:27:38 【Print】
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Market Highlights
Cobalt offers on MB (Metal Bulletin) began to rise after the Christmas holiday, and the discount coefficient went up, with cobalt raw material prices edged up.
Although the demand for cobalt metal and cobalt powder from alloy and magnet industries did not improve significantly, Chinese cobalt metal and cobalt powder producers raised prices driven by higher cobalt prices in Europe.
Precursor plants did not replenish stocks of cobalt sulfate in large scales, but Chinese cobalt sulfate producers substantially raised the offer inspired by higher prices on MB (Metal Bulletin).
With 3C market in the low season, transactions of LCO were limited, but prices for cobalt chloride and cobalt tetroxide rose supported by higher raw material prices.
Ceramic plants replenished stocks of cobalt oxide for the Spring Festival holiday, and cobalt tetroxide prices increased, so cobalt oxide producers raised prices.
Cobalt offers on MB (Metal Bulletin) began to rise after the Christmas holiday, and the discount coefficient went up, with cobalt raw material prices edged up.
Although the demand for cobalt metal and cobalt powder from alloy and magnet industries did not improve significantly, Chinese cobalt metal and cobalt powder producers raised prices driven by higher cobalt prices in Europe.
Precursor plants did not replenish stocks of cobalt sulfate in large scales, but Chinese cobalt sulfate producers substantially raised the offer inspired by higher prices on MB (Metal Bulletin).
With 3C market in the low season, transactions of LCO were limited, but prices for cobalt chloride and cobalt tetroxide rose supported by higher raw material prices.
Ceramic plants replenished stocks of cobalt oxide for the Spring Festival holiday, and cobalt tetroxide prices increased, so cobalt oxide producers raised prices.
