Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/9/18 |
2024/9/14 |
Change |
Electrolytic cobalt |
158,000-180,000 |
159,000-180,000 |
-500 |
Cobalt powder |
180,000-185,000 |
185,000-190,000 |
-5,000 |
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:
The manufactures and traders were still firm on prices of electrolytic cobalt. The consumers mainly focused on destocking, with a few spot transactions. Meanwhile, as the market fundamentals were little changed, the downstream users mostly held a wait-and-see attitude. It is likely that electrolytic cobalt prices may run weakly in the short term.
At present, the current cobalt oxide market is oversupplied and downstream users had limited acceptance of high-priced goods, but the market operating rate remained at a relatively high level. Recently, integrated enterprises have shown a high upward trend in prices, and there is a significant difference between high and low prices in the supply of goods on site. Meanwhile, market traders mostly depressed prices and held a bearish sentiment. 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