Chinese cobalt powder suppliers hold prices steady
2023-03-22 08:27:14 [Print]
BEIJING (Asian Metal) 22 Mar 23 - Supported by firm costs, Chinese cobalt powder 99
A producer in South China disclosed that he quotes around RMB285/kg (USD41.5/kg) delivered D/A 180 days for cobalt powder 99.5%min and considers selling at around RMB280/kg (USD40.7/kg) at present, in line with one week ago . "I last sold one ton of cobalt powder 99.5%min at around RMB280/kg (USD40.7/kg) yesterday," said the producer. Although his clients purchase inactively, he refuses to lower prices as he couldn't purchase cobalt chloride 24%min at prices below RMB52,000/t (USD7,565/t) delivered D/A 180 days, the same as one week ago . He forecasted that the Chinese cobalt powder 99 . 5%min mainstream prices would continue hovering at current levels in the forthcoming week.
With an annual production capacity of 5,000t of cobalt powder 99.5%min, the producer produced approximately 3,500t and 820t respectively in 2022 and so far in 2023 . As he has backlog of orders received in February, he expects to produce around 400t in March, compared with about 350t in February . He doesn't hold stock at the moment, unchanged MoM.
Another producer in South China noted that they still quote around RMB285/kg (USD41.5/kg) delivered D/A 180 days for cobalt powder 99 . 5%min and refuse to accept any counteroffer now, without much change from one week ago. "I concluded my latest sale yesterday, when he sold 300kg at around RMB285/kg (USD41.5/kg)," said the producer, who only received around three inquiries a day so far this week, while they could receive about 15 inquiries every day in late February . They have difficulties in purchasing cobalt powder 99.5%min at about RMB52,000/t (USD7,565/t) delivered D/A 180 days at present, the same as one week ago . In view of suppliers' steady costs, they forecasted that the Chinese cobalt powder 99 . 5%min mainstream prices would remain stable in the forthcoming week.
The producer, with an annual production capacity of 1,500t of cobalt powder 99.5%min, expects to produce around 65t this month as they have backlog of orders received in February . They produced about 50t last month . He produced about 140t so far this year, compared with approximately 520t last year . They hold an inventory of around five tons now, without much change MoM.
. 5%min suppliers held prices steady over the past week even though consumers purchased inactively . As a consequence, the Chinese cobalt powder 99.5%min mainstream prices stayed at RMB273-288/kg (USD39 . 7-41.9/kg) delivered D/A 180 days at present, in line with one week ago . Insiders forecasted that the Chinese cobalt powder 99 . 5%min mainstream prices would remain stable in the upcoming week as suppliers still have no intention to mark down prices.
A producer in South China disclosed that he quotes around RMB285/kg (USD41.5/kg) delivered D/A 180 days for cobalt powder 99.5%min and considers selling at around RMB280/kg (USD40.7/kg) at present, in line with one week ago . "I last sold one ton of cobalt powder 99.5%min at around RMB280/kg (USD40.7/kg) yesterday," said the producer. Although his clients purchase inactively, he refuses to lower prices as he couldn't purchase cobalt chloride 24%min at prices below RMB52,000/t (USD7,565/t) delivered D/A 180 days, the same as one week ago . He forecasted that the Chinese cobalt powder 99 . 5%min mainstream prices would continue hovering at current levels in the forthcoming week.
With an annual production capacity of 5,000t of cobalt powder 99.5%min, the producer produced approximately 3,500t and 820t respectively in 2022 and so far in 2023 . As he has backlog of orders received in February, he expects to produce around 400t in March, compared with about 350t in February . He doesn't hold stock at the moment, unchanged MoM.
Another producer in South China noted that they still quote around RMB285/kg (USD41.5/kg) delivered D/A 180 days for cobalt powder 99 . 5%min and refuse to accept any counteroffer now, without much change from one week ago. "I concluded my latest sale yesterday, when he sold 300kg at around RMB285/kg (USD41.5/kg)," said the producer, who only received around three inquiries a day so far this week, while they could receive about 15 inquiries every day in late February . They have difficulties in purchasing cobalt powder 99.5%min at about RMB52,000/t (USD7,565/t) delivered D/A 180 days at present, the same as one week ago . In view of suppliers' steady costs, they forecasted that the Chinese cobalt powder 99 . 5%min mainstream prices would remain stable in the forthcoming week.
The producer, with an annual production capacity of 1,500t of cobalt powder 99.5%min, expects to produce around 65t this month as they have backlog of orders received in February . They produced about 50t last month . He produced about 140t so far this year, compared with approximately 520t last year . They hold an inventory of around five tons now, without much change MoM.