Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/7/10 |
2024/7/9 |
Change |
Electrolytic cobalt |
172,000-240,000 |
174,000-242,000 |
-2,000 |
Cobalt powder |
200,000-205,000 |
200,000-205,000 |
0 |
Cobalt carbonate |
80,000-85,000 |
80,000-85,000 |
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 prices of raw materials continued to decline and market players held a bearish sentiment. In addition, the widening gap between the downstream demand and raw material supply has led to a continued weakening of market, and downstream enterprises still need time to digest inventory, resulting in a continued slowdown in procurement pace. 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 36,000/t.
At present, the downstream demand was still calm, with limited transactions. Although the market players were firm on price support, it is difficult to push the overall market prices upward. It is expected that cobalt oxides will continue to operate steadily in the short term. It is estimated that the market price of Co3O4 will be around Yuan 123,000/t and that of cobalt oxide will be around Yuan 121,000/t.
Edited by Cassie Li, lixiangying@mysteel.com