Latest Update in the China Cobalt Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on September 29, 2020

The dollar pulled back from a two-month high against a basket of currencies on Monday as equities rallied after four straight weeks of declines ahead of a slew of economic data and political developments in the United States.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on September 28, 2020

Customs data showed that China imported 9,253 mt (Co content) of cobalt raw materials in August, increasing 10% from July and rising 3% from a year earlier.

The dollar gained ground on Friday and measured its biggest weekly gain since early April as investors worried about a slowing economic recovery, rising coronavirus infections in Europe, uncertainty about US stimulus, and the upcoming US elections.

SMM offices will be closed for the National Day and Mid-Autumn Festival holidays from October 1  to October 8, 2020. There will be no updates on price data and market news, including SMM Morning Comments and Macro Roundup during this period.

The 2nd China Auto New Materials Application Summit 2020 and China (8th) Aluminium Processing Industry Chain Demand and Supply Trading Summit, jointly held by Shanghai Metals Market with the Nonferrous Metals Society of Shanghai, Shanghai Automotive Engineering Society and Suzhou Die-casting Technology Association, took place in Shanghai on September 17.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on September 25, 2020