Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/4/16 |
2024/4/15 |
Change |
Electrolytic cobalt |
200,000-250,000 |
201,000-250,000 |
-500 |
Cobalt powder |
203,000-208,000 |
203,000-208,000 |
0 |
Cobalt carbonate |
82,000-86,000 |
82,000-86,000 |
0 |
Cobalt sulfate |
31,000-32,000 |
31,000-32,000 |
0 |
Cobalt chloride |
38,500-39,500 |
38,500-39,500 |
0 |
Cobalt Co3O4 |
129,000-134,000 |
129,000-134,000 |
0 |
Cobalt oxide |
127,000-132,000 |
127,000-132,000 |
0 |
Outlook:
The price of cobalt intermediate products declined slightly with weak cost supports. At present, the downstream demand doesn't have the sign in recovery, and most cathode factories have not shown any signs of entering the market. A few of them tried to lower prices, making it difficult for smelters to have the initiative in shipping. However, many smelters suffered a loss, and prices were at historical lows, making it difficult for the market to make short-term transactions.It is estimated that the market price of cobalt sulfate will be around Yuan 31,000/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 digital demand was in a slow recovery, with limited stock of raw materials. 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 134,000/t and that of cobalt oxide will be around Yuan 132,000/t.
Edited by Cassie Li, lixiangying@mysteel.com