Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2023/11/17 |
2023/11/16 |
Change |
|
Electrolytic cobalt |
221,000-295,000 |
221,000-295,000 |
0 |
|
Cobalt powder |
230,000-240,000 |
230,000-240,000 |
0 |
|
Cobalt carbonate |
98,000-105,000 |
98,000-105,000 |
0 |
|
Cobalt sulfate |
35,000-36,000 |
35,000-36,000 |
0 |
|
Cobalt chloride |
45,500-46,500 |
46,000-47,000 |
-500 |
|
Cobalt Co3O4 |
156,000-161,000 |
156,000-161,000 |
0 |
|
Cobalt oxide |
153,000-160,000 |
153,000-160,000 |
0 |
Outlook:
At present, the support for cost is limited, and long orders for raw materials are still under negotiation. There are currently no obvious signs of improvement in the downstream demand, and the industry lacks confidence in the future market. It is estimated that the market price of cobalt sulfate will be around Yuan 35,00/t, and that of cobalt chloride will be around Yuan 45,000/t.
At present, the price of the cobalt salt market is still in a slight decline stage, with bearish sentiment in the market not decreasing. The downstream demand was still flat, and the order volume on the market was limited. At the same time, downstream have no obvious plans to stock up and smelters were unwilling to ship at low prices. It is expected that the overall market price will decline slightly in the short term. It is estimated that the market price of Co3O4 will be around Yuan 158,000/t and that of cobalt oxide will be around Yuan 155,000/t.
Edited by Cassie Li, lixiangying@mysteel.com
