Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/7/23 |
2024/7/22 |
Change |
Electrolytic cobalt |
173,000-233,000 |
172,000-233,000 |
500 |
Cobalt powder |
192,000-200,000 |
195,000-200,000 |
-1,500 |
Cobalt carbonate |
78,000-82,000 |
80,000-85,000 |
-2,500 |
Cobalt sulfate |
29,000-30,000 |
29,000-30,000 |
0 |
Cobalt chloride |
36,000-37,000 |
36,000-37,000 |
0 |
Cobalt Co3O4 |
123,000-126,000 |
123,000-126,000 |
0 |
Cobalt oxide |
121,000-124,000 |
121,000-124,000 |
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.
Recently, the cobalt sulfate market transactions were poor, with weak downstream demand. The overall buying sentiment was not high, and the actual market transactions showed a significant difference between high and low prices. In addition, downstream ternary precursor enterprises had a low willingness to build stocks, making it difficult for smelters to ship, resulting in overall sluggish transactions.
Edited by Cassie Li, lixiangying@mysteel.com