Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2023/12/14 |
2023/12/13 |
Change |
|
Electrolytic cobalt |
200,000-230,000 |
200,000-230,000 |
0 |
|
Cobalt powder |
210,000-220,000 |
210,000-220,000 |
0 |
|
Cobalt carbonate |
85,000-90,000 |
85,000-90,000 |
0 |
|
Cobalt sulfate |
30,500-31,500 |
30,500-31,500 |
0 |
|
Cobalt chloride |
38,500-39,500 |
39,000-40,000 |
-500 |
|
Cobalt Co3O4 |
129,000-134,000 |
129,000-134,000 |
0 |
|
Cobalt oxide |
131,000-136,000 |
131,000-136,000 |
0 |
Outlook:
As overseas demand slowed down and international cobalt prices fell, it continued to stimulate the sensitive domestic market sentiment. Therefore, the industry players mostly held a bearish mentality. The market trading volumes declined and buyers will dominate the market. The top-tier smelters were unwilling to ship at low prices due to high costs. It is estimated that the market price of cobalt sulfate will be around Yuan 31,00/t, and that of cobalt chloride will be around Yuan 40,000/t.
At present, end-users were unwilling to purchase and the market price was depressed. Meanwhile, the price of cobalt salt market for raw materials has been continuously declining and smelters still have much pressure to ship. At the end of the year, enterprises mainly focused on destocking and the production schedule declined. Market sentiment tends to be negative, and smelters want to stimulate sales with price cuts but it has not worked, with a few small orders. 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 132,000/t.
Edited by Cassie Li, lixiangying@mysteel.com
