Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/3/28 |
2024/3/27 |
Change |
Electrolytic cobalt |
202,000-250,000 |
202,000-250,000 |
0 |
Cobalt powder |
203,000-208,000 |
203,000-208,000 |
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:
At present, downstream demand has rebounded compared to the previous period, but was still in destocking. Market players bullish sentiment of the industry has not changed, and it is estimated that the import volume of cobalt raw materials will rebound compared to February. Under the pressure of cost, the upstream end mainly supports the price, but is not in a hurry to sell out, resulting in a stalemate game between the upstream and downstream players.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.
At present, market players mostly hold a wait-and-see attitude, with downstream inquiries mostly focused on low prices. The prices of raw material cobalt salt and intermediate product continue to remain strong, and the downstream demand has been difficult to improve. Downstream players were cautious to purchase on the market. It is estimated that the market price of Co3O4 will be around Yuan 138,000/t and that of cobalt oxide will be around Yuan 135,000/t.
Edited by Cassie Li, lixiangying@mysteel.com