Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/7/3 |
2024/7/2 |
Change |
Electrolytic cobalt |
181,000-245,000 |
186,000-250,000 |
-5,000 |
Cobalt powder |
200,000-205,000 |
200,000-205,000 |
0 |
Cobalt carbonate |
82,000-86,000 |
82,000-86,000 |
0 |
Cobalt sulfate |
29,000-30,000 |
29,000-30,000 |
0 |
Cobalt chloride |
36,000-37,000 |
36,000-37,000 |
0 |
Cobalt Co3O4 |
124,000-127,000 |
124,000-127,000 |
0 |
Cobalt oxide |
124,000-127,000 |
124,000-127,000 |
0 |
Outlook:
Last week, the price of Cobalt hydroxide still declined and the cost support was further weakened. At present, the downstream demand is still poor and most cathode material plants don't want to purchase and a few of them make bids at lower prices, making it difficult for the shipments. However, many smelters were at losses and their prices were at historical lows. It is estimated that the market price of cobalt sulfate will be around Yuan 28,500/t, and that of cobalt chloride will be around Yuan 35,000/t.
At present, the downstream demand for digital products is still sluggish. The decline in raw material cobalt salts has led businesses to closely follow in lowering their prices. Downstream enterprises mostly held a wait-and-see attitude, and the overall market was still in a oversupply statement with limited transactions. The market players still held a bearish sentiment. It is estimated that the market price of Co3O4 will be around Yuan 125,000/t and that of cobalt oxide will be around Yuan 123,000/t.
Edited by Cassie Li, lixiangying@mysteel.com