Cobalt Market Report August 2012
2012-09-17 18:18:28 【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.
In August, cobalt metal market saw the rising trend
. European cobalt market insiders enjoyed summer vacation in August, and demand kept weak, but some producers would like to reduce output rather than lower their prices further because there was thin profit after long-term price falling . On the other hand, traders were anxious to push up price before consumers came back to the market . Meanwhile, Chinese market participants generally declined their outputs and some major producers halted production in Zhejiang and Jiangsu, which restrained the supply to some extent . However, not all cobalt products prices went up in August in China, with cobalt metal and cobalt chloride prices rising, while cobalt powder and cobalt oxide prices went down impacted by slow demand from downstream industries.