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Market Trend and Demand Rebar prices rose slightly on June 22 Will Affact the Price of cobalt hydroxide

On June 22, the latest price of rebar in Jiangsu, Zhejiang and Shanghai was 4,822.22 yuan/ton, down 1.27% from the previous trading day, up 8.88% from the beginning of the year, and up 34.89% year-on-year.

At present, the mainstream price of rebar has fallen sharply. At present, the base prices of rebars such as Huanghai, Yinxin, Guixin and Xinsanzhou are mostly around 4760 yuan, and the base prices of Zhongtian and Yonggang are 4840-4880 yuan/ton. Affected by the news, iron ore and future snails have fallen sharply in recent days, dragging down the spot market. At present, the off-season has obvious effects, demand is gradually weakening, while steel mill output remains high, short-term inventory pressure is gradually increasing, and merchants\' price cuts and shipment mentality are dominant. It is expected that the short-term thread market still has some downside.

Affected by Rebar prices rose slightly on June 22, the cobalt hydroxide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for cobalt hydroxide or buy cobalt hydroxide in bulk,please send an email to: sales@ozbo.com

The price of cobalt hydroxide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global cobalt hydroxide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of cobalt hydroxide will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of cobalt hydroxide,the cost of cobalt hydroxide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of cobalt hydroxide will also be affected to a certain extent.It is estimated that the cost of cobalt hydroxide will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano cobalt hydroxide with steady price.In order to feedback to old customers,the company is still in full operations to provide cobalt hydroxide with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and cobalt hydroxide manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for cobalt hydroxide, please send an email to: sales@ozbo.com  

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