Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2023/7/14 |
2023/7/13 |
Change |
|
Electrolytic cobalt |
274,000-335,000 |
269,000-335,000 |
2,500 |
|
Cobalt powder |
270,000-280,000 |
270,000-280,000 |
0 |
|
Cobalt carbonate |
115,000-120,000 |
115,000-120,000 |
0 |
|
Cobalt sulfate |
45,500-46,500 |
45,500-46,500 |
0 |
|
Cobalt chloride |
54,000-55,000 |
54,000-55,000 |
0 |
|
Cobalt Co3O4 |
176,000-182,000 |
176,000-182,000 |
0 |
|
Cobalt oxide |
173,000-179,000 |
173,000-179,000 |
0 |
Outlook:
From the cost, the high price of cobalt raw materials is still one of the most important elements to support the price of the smelter. However, it remains to be seen whether the willingness of the main downstream to enter the market can change, which limits the upward momentum of cobalt prices. At present, the atmosphere of inquiries remains active. If the enthusiasm does not decrease, the market may continue to improve. Traders often hold a cautious wait-and-see attitude, It is estimated that the market price of cobalt sulfate will be around Yuan 50,000/t and that of cobalt chloride will be around Yuan 58,000/t.
At present, the quotation for raw materials has slightly increased and the cobalt oxide market closely followed the trend of raw materials, and the transaction price moved up slightly. At the same time, downstream demand tends to be flat, and the price of cobalt oxide may continue to rise slightly in the short term. It is estimated that the market price of Co3O4 will be around Yuan 188,000/t and that of cobalt oxide will be around Yuan 183,000/t.
Edited by Cassie Li, lixiangying@mysteel.com
