Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/5/23 |
2024/5/22 |
Change |
Electrolytic cobalt |
206,000-249,000 |
206,000-249,000 |
0 |
Cobalt powder |
200,000-205,000 |
200,000-205,000 |
0 |
Cobalt carbonate |
82,000-86,000 |
82,000-86,000 |
0 |
Cobalt sulfate |
30,500-31,500 |
30,500-31,500 |
0 |
Cobalt chloride |
37,000-38,000 |
37,000-38,000 |
0 |
Cobalt Co3O4 |
125,000-129 ,000 |
125,000-129 ,000 |
0 |
Cobalt oxide |
125,000-129,000 |
125,000-129,000 |
0 |
Outlook:
At present, the raw material suppliers were firm on prices, and top-tier mining companies were temporarily not quoting due to long-term spot orders. The recent positive news related to electrolytic cobalt has stimulated prices, providing some support. In the short term, smelters were likely to reluctance to sell. However, the views of the industry on the demand outlook are uncertain, and it remains to be seen when the cautious attitude will change. Overall, if there are no new strong supporting factors, it is expected that cobalt salt prices will rebound and return to a stalemate. 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 37,500/t.
The cobalt market was still weak,with limited small orders. Both buyers and sellers both held a wait-and-see attitude, and it is expected that the cobalt market will remain stable in the short term. It is estimated that the market price of Co3O4 will be around Yuan 128,000/t and that of cobalt oxide will be around Yuan 127,000/t.
Edited by Cassie Li, lixiangying@mysteel.com