Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/4/10 |
2024/4/9 |
Change |
Electrolytic cobalt |
201,000-250,000 |
201,000-250,000 |
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 |
31,500-32,500 |
31,500-32,500 |
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:
Due to the continuous downturn in downstream demand, some raw material suppliers' sentiments have relaxed. However, the top-tier smelters had no inventory pressure, and there was currently no willingness to sell at a discount in the short term. However, the views of the industry on the demand outlook were uncertain, and most them still held a wait-and-see attitude. It is estimated that the market price of cobalt sulfate will be around Yuan 31,500/t, and that of cobalt chloride will be around Yuan 39,000/t.
The current market situation has limited fluctuations, with prices of intermediate products and cobalt salts on the raw material side showing a slight downward trend. At the same time, downstream demand for digital products was in a slow recovery stage, with limited stock of raw materials. In addition, the market's acceptance of high-priced goods was not high, and both buyers and sellers were in a stalemate game state. 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 135,000/t.
Edited by Cassie Li, lixiangying@mysteel.com