Cobalt market stable in China

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Cobalt salts stabilize the domestic market. Transaction bleak, manufacturers incur high costs, making a New Year's cobalt market pessimism.
Cobalt sulfate 20% offer 60000-61000 yuan / ton, unchanged for two weeks. Cobalt chloride 24% offer 70000-72000 yuan / ton, beginning Jan. 4 has remained stable.
East China, said in a cobalt salt manufacturers offer strong, but the turnover is rare. Very few customers for price inquiry, before the market further rigidity. "Annual production tasks have been completed vendors are eager to recover funds,[link widoczny dla zalogowanych], I do not think there will be a significant improvement in short-term market."
8% purity concentrate prices firm at $ 14 / lb, cobalt salt producers contravene a sale. Thus,[link widoczny dla zalogowanych], while there is excess supply is difficult to change, short-term cobalt price is still very difficult to decline.
East also said the cost of other manufacturers is supported by the high prices of the main factors, manufacturers are facing significant cost pressures.
Years ago last week there will be no purchases of consumer wishes,[link widoczny dla zalogowanych], so prices of cobalt salt will also increase. Source: [link widoczny dla zalogowanych]