Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/9/11 |
2024/9/10 |
Change |
Electrolytic cobalt |
159,000-180,000 |
157,000-180,000 |
1,000 |
Cobalt powder |
185,000-190,000 |
185,000-190,000 |
0 |
Cobalt carbonate |
75,000-78,000 |
75,000-78,000 |
0 |
Cobalt sulfate |
28,500-29,000 |
28,500-29,000 |
0 |
Cobalt chloride |
35,500-36,000 |
35,500-36,000 |
0 |
Cobalt Co3O4 |
119,500-121,500 |
119,500-121,500 |
0 |
Cobalt oxide |
117,500-120,500 |
117,500-120,500 |
0 |
Outlook:
In the overseas market, the ending summer break didn't boost the cobalt prices, with few transactions heard. In China, some producers lowered the quotations, but there was hardly any buyer. In this case, the traders and producers refused to further bring down the prices and were unwilling to ship. It is expected that the fundamentals will hardly improve in the short period.
At present, the current cobalt oxide market players mostly held a bearish sentiment and downstream users had limited acceptance of goods, leading to a few real transactions, and the market operating rate remained at a relatively high level. Recently, there has been a significant price difference in the supply of goods on the market, and market traders depressed prices. The market price of Cobalt Co3O4 may still be around Yuan 120,000/t, and the market price of cobalt oxide will be around Yuan 118,000/t.
Edited by Cassie Li, lixiangying@mysteel.com