Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/9/29 |
2024/9/27 |
Change |
|
Electrolytic cobalt |
160,000-182,000 |
160,000-182,000 |
0 |
|
Cobalt powder |
180,000-185,000 |
180,000-185,000 |
0 |
|
Cobalt carbonate |
75,000-78,000 |
75,000-78,000 |
0 |
|
Cobalt sulfate |
28,000-28,500 |
28,000-28,500 |
0 |
|
Cobalt chloride |
35,000-35,500 |
35,000-35,500 |
0 |
|
Cobalt Co3O4 |
119,500-121,500 |
119,500-121,500 |
0 |
|
Cobalt oxide |
117,500-120,500 |
117,500-120,500 |
0 |
Outlook:
Before the National Day holiday, the prices of raw materials and cobalt chemicals remained firm, supporting the cost. Meanwhile, market players were firm to electrolytic cobalt prices and downstream demand was relatively stable. Although some spot sources in the market were in short supply, manufacturers and traders can still maintain normal shipments. It is expected that the post holiday market prices and transaction of electrolytic cobalt will be relatively stable, with mostly a wait-and-see attitude.
At present, the prices of cobalt intermediate remain stable amid few inquires and market players have much pressure on the shipment due to high prices. Meanwhile, the market trend is unlikely to improve in the short term and the industry off-season will kick off, leading to poor transactions. The market price of cobalt sulfate may be around Yuan 27,000/t, and that of cobalt chloride will be around Yuan 34,000/t.
Edited by Cassie Li, lixiangying@mysteel.com
