Monthly Cobalt Market Report Sep 2020
2020-10-15 18:25:41 【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.
Market Highlights
As offers on MB (Metal Bulletin) moved up this month, cobalt raw material suppliers provided high quotations on the spot market and prices for cobalt intermediates edged up.
In September, sales of alloy and magnetic product producers did not grow as significantly as expected, so producers purchased raw materials cobalt metal and cobalt powder only in small quantities to ensure production for orders they received. As a result, prices for cobalt metal and cobalt powder moved down under pressure.
Regarding the power auto market, the minor power market began to see decreasing transactions while orders received by power ternary material producers continued to grow. But on the spot market precursor producers continuously cut their target prices for cobalt sulfate, leading to decreases in cobalt sulfate prices.
The 3C market saw steady transactions in September. Out of cost pressure, consumers from this market continued to cut their target prices for raw materials; as a result, prices for cobalt tetroxide and cobalt chloride both moved down.
As consumers from the ceramics and pigment industries made limited sales, they purchased raw material cobalt oxide only in small quantities in line with orders they received; further affected by dropping cobalt tetroxide prices, cobalt oxide prices moved down.
As offers on MB (Metal Bulletin) moved up this month, cobalt raw material suppliers provided high quotations on the spot market and prices for cobalt intermediates edged up.
In September, sales of alloy and magnetic product producers did not grow as significantly as expected, so producers purchased raw materials cobalt metal and cobalt powder only in small quantities to ensure production for orders they received. As a result, prices for cobalt metal and cobalt powder moved down under pressure.
Regarding the power auto market, the minor power market began to see decreasing transactions while orders received by power ternary material producers continued to grow. But on the spot market precursor producers continuously cut their target prices for cobalt sulfate, leading to decreases in cobalt sulfate prices.
The 3C market saw steady transactions in September. Out of cost pressure, consumers from this market continued to cut their target prices for raw materials; as a result, prices for cobalt tetroxide and cobalt chloride both moved down.
As consumers from the ceramics and pigment industries made limited sales, they purchased raw material cobalt oxide only in small quantities in line with orders they received; further affected by dropping cobalt tetroxide prices, cobalt oxide prices moved down.
