Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/12/10 |
2024/12/9 |
Change |
|
Electrolytic cobalt |
163,000-190,000 |
163,000-190,000 |
0 |
|
Cobalt powder |
170,000-175,000 |
170,000-175,000 |
0 |
|
Cobalt carbonate |
72,000-75,000 |
72,000-75,000 |
0 |
|
Cobalt sulfate |
26,500-27,500 |
26,500-27,500 |
0 |
|
Cobalt chloride |
32,800-33,700 |
33,000-34,000 |
-250 |
|
Cobalt Co3O4 |
118,000-120,000 |
118,000-120,000 |
0 |
|
Cobalt oxide |
111,000-115,000 |
111,000-117,000 |
-1,000 |
Outlook:
The prices of electrolytic cobalt were little changed on sufficient supply and flat demand with the consumers purchasing on rigid demand. On the spot market, the transactions were muted partly due to the traders holding the prices firm in the face of short supply of certain electrolytic cobalt brands. Meanwhile, the market participants mostly held a wait-and-see attitude approaching the year-end, resulting in stable prices and transactions. It is expected that the prices of electrolytic cobalt will remain weak in the short term on persistent oversupply, unless there shows strong bullish news or policy support.
The prices of cobalt intermediate have remained stable recently, but the supply of low-priced raw materials is still scarce in the market, and the production cost of cobalt sulfate has not changed significantly. On the supply side, smelters maintained low operating rates, leading to a reduction in overall market supply. On the demand side, downstream market demand was poor with the industry being in the off-season. Thus the market players focused on destocking and turned cautious approaching the year-end. However, considering the limited downward space for the prices of cobalt sulfate, it is expected that its subsequent price trend will tend to be weak.
Edited by Cassie Li, lixiangying@mysteel.com
