Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/1/10 |
2024/1/9 |
Change |
|
Electrolytic cobalt |
206,000-240,000 |
203,000-240,000 |
1,500 |
|
Cobalt powder |
205,000-210,000 |
205,000-210,000 |
0 |
|
Cobalt carbonate |
81,000-85,000 |
81,000-85,000 |
0 |
|
Cobalt sulfate |
32,000-33,000 |
32,000-33,000 |
0 |
|
Cobalt chloride |
38,500-40,500 |
38,500-40,500 |
0 |
|
Cobalt Co3O4 |
129,000-134,000 |
129,000-134,000 |
0 |
|
Cobalt oxide |
129,000-135,000 |
129,000-135,000 |
0 |
Outlook:
At present, the market effective negotiation and interaction in the market are limited. The mentality of most smelters is relatively firm, and there is currently no willingness to adjust shipments. The market focused on the end-users' attitude and the subsequent arrival of raw materials at the port. If there is no more favorable stimulus on the demand side, the upward momentum of cobalt prices is insufficient. It is estimated that the market price of cobalt sulfate will be around Yuan 33,00/t, and that of cobalt chloride will be around Yuan 40,000/t.
At present, downstream users are unwilling to restock, and the market price has maintained at a high level, and many businesses refuse to sell at low prices. At the same time, the rising price of raw materials and intermediate products has not driven up the prices of cobalt salts and cobalt oxides. Most of the transactions mostly focused on rigid-demand, and the overall price fluctuation was limited before the year. It is expected that cobalt oxides will continue to be weak and stable in the short term. It is estimated that the market price of Co3O4 will be around Yuan 136,000/t and that of cobalt oxide will be around Yuan 135,000/t.
Edited by Cassie Li, lixiangying@mysteel.com
