Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/4/25 |
2024/4/23 |
Change |
Electrolytic cobalt |
193,000-250,000 |
193,000-250,000 |
0 |
Cobalt powder |
203,000-208,000 |
203,000-208,000 |
0 |
Cobalt carbonate |
82,000-86,000 |
82,000-86,000 |
0 |
Cobalt sulfate |
31,000-31,500 |
31,000-32,000 |
-250 |
Cobalt chloride |
37,500-38,500 |
38,000-39,500 |
-750 |
Cobalt Co3O4 |
127,000-131,000 |
127,000-131,000 |
0 |
Cobalt oxide |
126,000-130,000 |
126,000-130,000 |
0 |
Outlook:
The recent consecutive releases of new phones from iPhone and Huawei have not yet affected the cobalt industry chain. The raw material side has been in a downward trend, and the bearish sentiment still exists, which to some extent affects the downstream purchasing sentiment in the market. It is estimated that the market price of cobalt sulfate will be around Yuan 30,500/t, and that of cobalt chloride will be around Yuan 38,000/t.
The cobalt market was still weak, and the decline in the raw material end led to the spread of pessimism in the market. At the same time, the demand for digital products has not been effectively transmitted to the raw material end, resulting in sluggish transactions on the market and the phenomenon of selling at low prices and offering discounts remains unchanged. It is estimated that the market price of Co3O4 will be around Yuan 130,000/t and that of cobalt oxide will be around Yuan 130,000/t.
Edited by Cassie Li, lixiangying@mysteel.com