Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/4/26 |
2024/4/25 |
Change |
Electrolytic cobalt |
191,000-250,000 |
192,000-250,000 |
-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 |
31,000-31,500 |
31,000-31,500 |
0 |
Cobalt chloride |
37,500-38,500 |
37,500-38,500 |
0 |
Cobalt Co3O4 |
127,000-131,000 |
127,000-131,000 |
0 |
Cobalt oxide |
126,000-130,000 |
126,000-130,000 |
0 |
Outlook:
In the future, the poor performance of the demand side has suppressed market sentiment, and downstream demand growth is insufficient. In addition, some smelters have started to ship at low prices, which has led to significant resistance to the upward trend of cobalt salt prices. At the same time, raw material prices have been hovering at a low level recently. It is necessary to pay attention to the demand side and the purchasing rhythm before the holiday. 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 37,500/t.
The cobalt market was still weak, and the decline in the raw material end led to the spread of pessimism in the market. Downstream enterprises mainly consume pre inventory, and the increase in digital orders has not brought corresponding stocking needs. Smelters mainly deliver existing orders. As the May Day holiday approaches, the market has no obvious stocking plans, and the market is expected to remain stable in the short term. 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