Cobalt Market Report September 2012

In September, European participants came back to cobalt market after summer vacation and downstream consumers started to make procurement of cobalt products in small volumes.Asian Metal Copyright.Asian Metal Copyright Cobalt market became active, which drove up cobalt price step by step.Asian Metal Copyright As far as Asian Metal learns, the operating rate of cobalt salts producers was about 50-60%.Asian Metal Copyright However, impacted by the European debt crisis, market demand was still weak in general.Asian Metal Copyright Cobalt market became active, which drove up cobalt price step by step.Asian Metal Copyright Since September was in the traditional peak season for lithium battery industry and demand increased slightly.Asian Metal Copyright In order to deal with the sluggish cobalt market, most cobalt salts producers in China reduced output.Asian Metal Copyright According to market insiders, demand from this sector increased by about 5-10% in September MOM.Asian Metal Copyright However, impacted by the European debt crisis, market demand was still weak in general.Asian Metal Copyright However, demand from cemented carbide, diamond tools, ceramics, porcelain enamel industries was inactive, which cannot push up prices of cobalt powder, cobalt oxide, etc. In order to deal with the sluggish cobalt market, most cobalt salts producers in China reduced output.Asian Metal CopyrightIn September, European participants came back to cobalt market after summer vacation and downstream consumers started to make procurement of cobalt products in small volumes.Asian Metal Copyright As far as Asian Metal learns, the operating rate of cobalt salts producers was about 50-60%.
.Asian Metal CopyrightIn September, European participants came back to cobalt market after summer vacation and downstream consumers started to make procurement of cobalt products in small volumesAsian Metal Copyright