Monthly Cobalt Market Report Dec 2020
2021-01-15 17:46:08 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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Market Highlights
This month, some magnetic material producers reported mild increases in their sales; further supported by the need of downstream consumers to prepare stocks before the Spring Festival holiday, the cobalt metal market saw increasing deals compared with in November. In addition, imports of cobalt intermediates in November decreased and quotations for the material moved up further, so cobalt metal suppliers began to raise their own prices too in late December. As a result, cobalt metal prices moved up this month.
On the power auto market, thanks to growing deals on the end market, major LNCMO suppliers kept full-capacity operation; further supported by the need of downstream consumers to prepare stocks before the Spring Festival holiday, market demand for raw material cobalt sulfate was sound. With cobalt raw material prices staying firm, cobalt sulfate suppliers raised their prices and held back from selling.
This month, the 3C market ran steadily on the whole and major LCO suppliers reported only mild decreases in their sales. Further supported by firm cobalt raw material prices, suppliers of cobalt chloride and cobalt tetroxide raised their prices.
This month, the ceramics and pigment industries saw still limited sales and downstream consumers purchased cobalt oxide only in small quantities. But owing to firm cobalt raw material prices while cobalt tetroxide suppliers raised their quotations, cobalt oxide prices moved up.
This month, some magnetic material producers reported mild increases in their sales; further supported by the need of downstream consumers to prepare stocks before the Spring Festival holiday, the cobalt metal market saw increasing deals compared with in November. In addition, imports of cobalt intermediates in November decreased and quotations for the material moved up further, so cobalt metal suppliers began to raise their own prices too in late December. As a result, cobalt metal prices moved up this month.
On the power auto market, thanks to growing deals on the end market, major LNCMO suppliers kept full-capacity operation; further supported by the need of downstream consumers to prepare stocks before the Spring Festival holiday, market demand for raw material cobalt sulfate was sound. With cobalt raw material prices staying firm, cobalt sulfate suppliers raised their prices and held back from selling.
This month, the 3C market ran steadily on the whole and major LCO suppliers reported only mild decreases in their sales. Further supported by firm cobalt raw material prices, suppliers of cobalt chloride and cobalt tetroxide raised their prices.
This month, the ceramics and pigment industries saw still limited sales and downstream consumers purchased cobalt oxide only in small quantities. But owing to firm cobalt raw material prices while cobalt tetroxide suppliers raised their quotations, cobalt oxide prices moved up.
