Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/7/25 |
2024/7/24 |
Change |
Electrolytic cobalt |
173,000-227,000 |
173,000-233,000 |
-3,000 |
Cobalt powder |
192,000-200,000 |
192,000-200,000 |
0 |
Cobalt carbonate |
78,000-82,000 |
78,000-82,000 |
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 |
123,000-126,000 |
123,000-126,000 |
0 |
Cobalt oxide |
120,000-124,000 |
121,000-124,000 |
-500 |
Outlook:
In terms of Electrolytic cobalt, overseas prices went on dropping. 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 poor and mostly purchased on rigid demand. The production of electrolytic cobalt has recovered slightly, and the market was still in an oversupply state. In the short term, electrolytic cobalt prices will still run weakly.
The current cobalt oxide market was sluggish, with weak raw material prices and a bearish attitude among industry players. Downstream enterprises mainly consumed their previous inventory, and the increase in digital orders didn't bring corresponding stocking demand. The market price of Cobalt Co3O4 will be around Yuan 124,000/t, and the market price of cobalt oxide will be around Yuan 120,000/t.
Edited by Cassie Li, lixiangying@mysteel.com