Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/7/20 |
2024/7/19 |
Change |
Electrolytic cobalt |
172,000-234,000 |
172,000-233,000 |
-500 |
Cobalt powder |
195,000-200,000 |
195,000-200,000 |
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 |
122,000-125,000 |
122,000-125,000 |
0 |
Outlook:
In terms of Electrolytic cobalt, overseas prices continued to decline. The electrolytic cobalt prices in Wuxi Trading Center stabilized at Yuan 173,000/tonne last week, and most sellers quoted with premiums or flat. The downstream demand was still fatigue and mostly purchased on rigid demand. The production of electrolytic cobalt has recovered slightly, and the market was still in an oversupply station. In the short term, electrolytic cobalt prices will run weakly.
The demand side was still the main factor affecting the current trend of the cobalt salt market, and the downstream demand was still poor, putting pressure on domestic producers' shipments. However, there were also some smelters who purchased at low prices and the cobalt salt market run weakly. It is estimated that the market price of cobalt sulfate will be around Yuan 29,000/t, and that of cobalt chloride will be around Yuan 36,000/t.
Edited by Cassie Li, lixiangying@mysteel.com