Monthly Cobalt Market Report Oct 2020
2020-11-17 17:08:27 【Print】
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Market Highlights
Entering October, the Chinese high-temperature and magnetic material markets did not see transactions recovering to as much as expected, and clients from these industries purchased raw materials cobalt metal and cobalt powder only in small quantities to ensure production for orders already received, so in October prices for cobalt metal and cobalt powder both edged down.
On the power auto market, except that there were some decreases in low-charging-rate LNCMO sales, the LNCMO market saw increasing deals on the whole, so its demand for raw material cobalt sulfate improved. But since downstream clients kept cutting their target prices, cobalt sulfate prices just increased slightly.
This month, there were no notable decreases on the 3C market transactions, so major LCO suppliers kept steady production. Further supported by firm cobalt raw material prices, cobalt oxide prices stabilized, while cobalt tetroxide prices were relatively stable since clients from downstream LCO industry kept cutting their target prices.
In the recent month the ceramics and pigment markets still saw limited transactions, and clients from these markets purchased raw material cobalt oxide only in small quantities, so cobalt oxide prices edged down.
Entering October, the Chinese high-temperature and magnetic material markets did not see transactions recovering to as much as expected, and clients from these industries purchased raw materials cobalt metal and cobalt powder only in small quantities to ensure production for orders already received, so in October prices for cobalt metal and cobalt powder both edged down.
On the power auto market, except that there were some decreases in low-charging-rate LNCMO sales, the LNCMO market saw increasing deals on the whole, so its demand for raw material cobalt sulfate improved. But since downstream clients kept cutting their target prices, cobalt sulfate prices just increased slightly.
This month, there were no notable decreases on the 3C market transactions, so major LCO suppliers kept steady production. Further supported by firm cobalt raw material prices, cobalt oxide prices stabilized, while cobalt tetroxide prices were relatively stable since clients from downstream LCO industry kept cutting their target prices.
In the recent month the ceramics and pigment markets still saw limited transactions, and clients from these markets purchased raw material cobalt oxide only in small quantities, so cobalt oxide prices edged down.
