Ningbo Yanmen resumes cobalt powder production
2023-03-14 08:30:03 [Print]
BEIJING (Asian Metal) 14 Mar 23 - Ningbo Yanmen Chemical Co
"We halted production from last June due to weak demand and sliding prices. My clients became active in replenishing stocks and the prices showed uptrend, so we restarted production in early February and produced around 20t in February," said the producer, who expects a same output in March.
Established in 2002, Ningbo Yanmen Chemical Co. owns an annual production capacity of 400t of cobalt powder 99 . 5%min . Its outputs in 2022 and so far in 2023 recorded about 50t and 30t respectively . The company holds an inventory of around five tons now, an increase of five tons MoM.
The current cobalt powder 99.5%min mainstream prices in Zhejiang province of China increased to RMB275-285/kg (USD39 . 9-41.4/kg) EXW D/A 180 days, up by around RMB5/kg (USD0.7/kg) from one week ago.
. , a major cobalt powder 99 . 5%min producer in Zhejiang province, China, resumed cobalt powder 99 . 5%min production in early February 2023 and produced around 20t last month as the prices went up and his clients became active in purchasing, according to a source from the company.
"We halted production from last June due to weak demand and sliding prices. My clients became active in replenishing stocks and the prices showed uptrend, so we restarted production in early February and produced around 20t in February," said the producer, who expects a same output in March.
Established in 2002, Ningbo Yanmen Chemical Co. owns an annual production capacity of 400t of cobalt powder 99 . 5%min . Its outputs in 2022 and so far in 2023 recorded about 50t and 30t respectively . The company holds an inventory of around five tons now, an increase of five tons MoM.
The current cobalt powder 99.5%min mainstream prices in Zhejiang province of China increased to RMB275-285/kg (USD39 . 9-41.4/kg) EXW D/A 180 days, up by around RMB5/kg (USD0.7/kg) from one week ago.