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LME Co Price Marks New Record High for Year
= Price for cash seller is US$36,000/t, which is high price for first time since August 2011 =
LME cobalt prices for both cash seller and 3-month seller as of January 20 rose to US$36,000 per ton (= US$16.33 per lb), and marked a new record high for the year.

This is up by US$3,000 from the beginning of the month, and is a high price for the first time since August 2011, which is because shipping from China decreased and the feeling of the distributed volume in the market becoming scarce was enhanced.

On the one hand, in China where the Chinese New Year holidays (January 27 - February 2) will begin in the end of this week, the trading has been thin and no contract has been made since the middle of last week. As of January 23, the price of electrolytic cobalt (Co>/= 99.8%) is CNY282,000 - CNY291,000 per ton, and the situation of no price movement being made from last Tuesday has continued.
last modified : Mon 30 Jan, 2017 [09:32]
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