Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/3/21 |
2024/3/20 |
Change |
Electrolytic cobalt |
204,000-250,000 |
204,000-250,000 |
0 |
Cobalt powder |
200,000-205,000 |
200,000-205,000 |
0 |
Cobalt carbonate |
81,000-85,000 |
81,000-85,000 |
0 |
Cobalt sulfate |
32,500-33,000 |
32,500-33,000 |
0 |
Cobalt chloride |
39,500-40,500 |
39,500-40,500 |
0 |
Cobalt Co3O4 |
129,000-134,000 |
129,000-134,000 |
0 |
Cobalt oxide |
129,000-135,000 |
129,000-135,000 |
0 |
Outlook:
The short-term supply of raw materials was tight, and smelters had a strong mentality of raising prices. However, there are currently no obvious signs of improvement in the downstream demand. Business players were skeptical about the current upward trend and mostly held a wait-and-see attitude. It is estimated that the market price of cobalt sulfate will be around Yuan 33,000/t, and that of cobalt chloride will be around Yuan 40,000/t.
There are no obvious signs of release in the current market demand side, but smelters have a strong attitude towards price appreciation due to the increase in raw material cobalt salt and intermediate product bids. However, the overall upward momentum of the market is insufficient, and actual transactions are limited. It is estimated that the market price of Co3O4 will be around Yuan 135,000/t and that of cobalt oxide will be around Yuan 134,000/t.
Edited by Cassie Li, lixiangying@mysteel.com