Summary after experiencing continued downward in the fourth quarter of 2012, starting the year 2013 cobalt market continued to pick up, rising prices, high cobalt MB recently at $ 11.5-12.8 / lb, cobalt reported low of $ 11.1-12.4 / lb, cobalt fine Mine News 9.3-9....
After the continuous decline in the fourth quarter of 2012, the cobalt market continued to pick up in 2013, and prices continued to rise. Recently, MB high cobalt reported 11.5-12.8 US dollars / lb, low cobalt reported 11.1-12.4 US dollars / lb, cobalt concentrate Reported 9.3-9.8 US dollars / lb, a single increase is higher. The first quarter of each year is the traditional procurement season in the field of cemented carbide and superalloys in the international market. The market demand is gradually recovering. The seller market is highly motivated and the price is effectively supported. In 2012, due to the continued downturn in the market, production declined, down 5% from 2011, the most decline in recent years. Domestic smelters have also resisted falling prices through measures such as production suspension and production reduction. In 2012, domestic cobalt production continued to decline on the basis of 2011. In 2012, the inventory deceleration rate accelerated. However, after experiencing successive declines in the fourth quarter and falling below the sluggish production price, the manufacturers reluctant to sell more and more mentality. Although the market is somewhat warmer, the price is still at a lower level. It does not stimulate the market participants' enthusiasm. However, most manufacturers still say that they do not consider shipping for the time being.
In summary, the domestic market is always affected by the international market, and the international rising trend is determined, which will certainly drive domestic trends. However, cobalt as a strategic reserve metal is closely related to the global economic trend. In 2013, the global economic trend still has many unknowns, so market participants It is necessary to pay close attention to market trends and seize the timing of buying and selling.
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