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Western cobalt market waiting for prices clearly

date:2011-04-06 15:14
Western traders for cobalt nuclear leak in Japan caused by the earthquake will affect the price is unclear. After the recent price cuts, prices were unchanged this week, coming to an end this week,Copper Chromite(CC)supplier , 99.3% of

Western traders for cobalt nuclear leak in Japan caused by the earthquake will affect the price is unclear.

After the recent price cuts, prices were unchanged this week, coming to an end this week,Copper Chromite(CC)supplier
, 99.3% of the size of cobalt prices 16.75-17.75 U.S. dollars / pounds.

One trader said, "Maybe some small consumer business in the use of this low price."

99.6% used to make battery changes in specifications of the price of raw materials is said to 17-18 U.S. dollars / lb,Copper Chromite(CC)
, 99.8% cobalt material specification for aviation fell 25 points this weekend to 18,25-19.25 dollars / pounds.

Buyers to take a more wait and see attitude, waiting for prices to fall further. This is because the end users affected by the quake, they require new or liquidation of stock or delayed delivery of raw materials.

A second trader said, "we see some serious load of liquidation,fine chemicals, only more than 50 tons each.

But there are other people said the price decline will continue for a long time.

A third trader said, "Maybe the right price to a certain price, it will remain stable." He predicted a slight increase in purchasing power, prices will decline is limited.

According to a fourth trader,CAS 12018-10-9, because the end is coming, the buyer under the pressure of trying to price, so prices will continue to decline.