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The beginning of the domestic market price of lithium cobalt oxide stabilized. The high cost of production, suppliers want to see prices in the next few days.
The current price of lithium cobalt oxide 240 yuan / kg ($ 36.47 / kg), two weeks changed. Reflect the current market demand is stable, the results of at least the next few days will remain at current levels will not fall.
North said a major export market maker firm. The manufacturer plans an annual capacity of 5000 tons, 3900 tons last year,[link widoczny dla zalogowanych], the production of lithium cobalt oxide, and slightly in 2011 to expand output.
According to him, because increasingly slim profit margins, developed countries such as Japan, South Korea, have reduced production of lithium cobalt oxide, so China will remain the largest exporter of the global market position. "Sanyo, Sony, Samsung and LG are the big buyers of lithium cobalt oxide." Lithium cobalt oxide as mobile phones and digital camera batteries in a wide range of baking applications, the manufacturer also predicted that demand will further increase next year.
Central China also voiced other manufacturers similar view. "The domestic market after the Spring Festival has a little sluggish, consumer to adopt a cautious attitude,[link widoczny dla zalogowanych], we are now the order for delivery before the Spring Festival."
The market maker said the overall supply of cobalt salts serious short-term excess of lithium cobalt prices will not rise. The situation unpredictable futures markets to bring a lot of uncertainty in the physical market,[link widoczny dla zalogowanych], so it will not be hasty actions of market players. "The market outlook for further observation, we will be more careful." Source: [link widoczny dla zalogowanych]