Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/11/1 |
2024/10/31 |
Change |
|
Electrolytic cobalt |
160,000-190,000 |
160,000-190,000 |
0 |
|
Cobalt powder |
172,000-177,000 |
172,000-177,000 |
0 |
|
Cobalt carbonate |
72,000-75,000 |
72,000-75,000 |
0 |
|
Cobalt sulfate |
27,000-28,000 |
27,000-28,000 |
0 |
|
Cobalt chloride |
34,500-35,000 |
34,500-35,000 |
0 |
|
Cobalt Co3O4 |
117,000-120,000 |
117,000-120,000 |
0 |
|
Cobalt oxide |
115,000-120,000 |
115,000-120,000 |
0 |
Outlook:
The prices of electrolytic cobalt were still firm and smelters remained high operating rates and the market supply was sufficient. On the demand side, the downstream alloy and magnetic material market only maintained basic essential procurement, without willingness to stock up. The market was still oversupplied, and it is expected that electrolytic cobalt prices may remain firm or weakly decline in the short term.
At present, the prices of cobalt intermediate were temporarily stable due to the upcoming long-term orders for next year. Meanwhile, market players still focused on raw materials. However, market demand has not yet met expectations. In addition, industry players had limited acceptance of high-priced sources, and the market trading atmosphere was poor, putting pressure on shipments. It is expected that the market price of cobalt sulfate will reach around Yuan 26,500/t and that of cobalt chloride may be up around Yuan 34,000/t in the future.
Edited by Cassie Li, lixiangying@mysteel.com
