Monthly Cobalt Market Report Jul 2020
2020-08-14 18:11:12 【Print】
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In July, offers on MB (Metal Bulletin) continued to fall, and cobalt raw materials prices were hard to maintain stable. In mid-to-late July, inspired by higher Chinese cobalt metal prices, raw material discount coefficient rose, leading to higher cobalt raw materials prices.
The operating rate of alloy and magnet industry did not rise as expected, so the cobalt metal and cobalt powder market saw limited transactions. However, cobalt metal and cobalt powder suppliers largely raised prices owing to the worry of raw material supply in the future, leading to higher prices for the two materials.
In the power auto market, new energy vehicles sales rose MOM, and the end market improved month by month. In addition, cobalt raw material prices increased, so cobalt sulfate suppliers largely raised offers.
3C market saw stable transactions, and cobalt tetroxide suppliers strongly raised prices in mid-July supported by higher cobalt salts prices, leading to substantially rising prices for cobalt tetroxide.
Despite the unimproved demand for cobalt oxide from ceramic and pigment plants, but cobalt oxide suppliers raised prices supported by higher cobalt tetroxide prices from mid-July.
The operating rate of alloy and magnet industry did not rise as expected, so the cobalt metal and cobalt powder market saw limited transactions. However, cobalt metal and cobalt powder suppliers largely raised prices owing to the worry of raw material supply in the future, leading to higher prices for the two materials.
In the power auto market, new energy vehicles sales rose MOM, and the end market improved month by month. In addition, cobalt raw material prices increased, so cobalt sulfate suppliers largely raised offers.
3C market saw stable transactions, and cobalt tetroxide suppliers strongly raised prices in mid-July supported by higher cobalt salts prices, leading to substantially rising prices for cobalt tetroxide.
Despite the unimproved demand for cobalt oxide from ceramic and pigment plants, but cobalt oxide suppliers raised prices supported by higher cobalt tetroxide prices from mid-July.
