Lithium cobalt oxide price rises

BEIJING (Asian Metal) 24 Jan 13 – Since manufactures continue to raise cobalt tetroxide price, lithium cobalt oxide price follows the suit to rise to about RMB180-185/kg (USD28.Asian Metal Copyright “The price of the supplier in Beijing is higher because of the specific model,” said the source.Asian Metal Copyright66-29.46/kg), up from RMB179-184/kg (USD28.Asian Metal Copyright A producer in North China whose output of lithium cobalt oxide is about 400tpm, shared with Asian Metal that they raise lithium cobalt oxide offers to about RMB185kg USD29.Asian Metal Copyright50-29.30/kg) previously.Asian Metal Copyright A consumer in Guangdong revealed to Asian Metal that they bought five tons of lithium cobalt oxide at RMB175kg USD27.Asian Metal Copyright Chinese Spring Festival holiday will come from Feb 9 to Feb 15, so many foreign buyers increase the purchasing volume from Chinese lithium cobalt oxide producers in January to guarantees the normal production during long holiday in China.Asian Metal Copyright “As far as I know, in the first week of January, many consumers bought cobalt tetroxide at below RMB155kg USD24.Asian Metal Copyright In general, lithium cobalt oxide export volume increased dramatically in 2012 compared with that of 2011, and it is expected the export amounts of lithium cobalt oxide is expected to continue to increase in 2013.

In 2011, China exported about 4,520t of lithium cobalt oxide in total. From January to November 2012, the export volume of Chinese lithium cobalt oxide is about 6320t totally.Asian Metal Copyright Now, cobalt tetroxide offers rise to about RMB160-162kg USD25.Asian Metal Copyright The export volume is expected to rise by higher than 50% in 2012 than that of 2011.

A producer in North China whose output of lithium cobalt oxide is about 400tpm, shared with Asian Metal that they raise lithium cobalt oxide offers to about RMB185/kg (USD29.46/kg), up from RMB180-182/kg (USD28.Asian Metal Copyright A producer in North China whose output of lithium cobalt oxide is about 400tpm, shared with Asian Metal that they raise lithium cobalt oxide offers to about RMB185kg USD29.Asian Metal Copyright66-28.98/kg) together with the rising cobalt tetroxide price. “As far as I know, in the first week of January, many consumers bought cobalt tetroxide at below RMB155/kg (USD24.68/kg). Now, cobalt tetroxide offers rise to about RMB160-162/kg (USD25.Asian Metal Copyright48-25.Asian Metal Copyright48-25.80/kg),” said the source.Asian Metal Copyright98kg together with the rising cobalt tetroxide price.Asian Metal Copyright Therefore, they lift lithium cobalt oxide price accordingly.

The source reported that domestic lithium cobalt oxide market moves not actively with the approaching of the Spring Festival holiday. On the contrary, lithium cobalt oxide export increases dramatically since foreign purchasers increase the buying volume before Chinese long holiday to keep normal production and he disclosed that they exported close to 2,700t of materials in 2012, up from 780t in 2011.

A consumer in Guangdong revealed to Asian Metal that they bought five tons of lithium cobalt oxide at RMB175/kg (USD27.87/kg) from a Hunan producer.Asian Metal Copyright “The price of the supplier in Beijing is higher because of the specific model,” said the source.Asian Metal Copyright According to the source, they buy lithium cobalt oxide both from Hunan and Beijing.Asian Metal Copyright66kg.Asian Metal Copyright “The price of the supplier in Beijing is higher because of the specific model,” said the source.

With a monthly consumption of about seven tons, the source expressed that their stock of lithium cobalt oxide will sustain for February and he is hesitant about whether to replenish another batch of raw materials or not since offers have raised to higher than RMB180/kg (USD28.66/kg).

.Asian Metal Copyright On the contrary, lithium cobalt oxide export increases dramatically since foreign purchasers increase the buying volume before Chinese long holiday to keep normal production and he disclosed that they exported close to 2,700t of materials in 2012, up from 780t in 2011Asian Metal Copyright