Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/10/11 |
2024/10/10 |
Change |
Electrolytic cobalt |
160,000-195,000 |
160,000-185,000 |
5,000 |
Cobalt powder |
175,000-180,000 |
175,000-180,000 |
0 |
Cobalt carbonate |
75,000-78,000 |
75,000-78,000 |
0 |
Cobalt sulfate |
27,000-28,000 |
27,000-28,000 |
0 |
Cobalt chloride |
34,500-35,000 |
34,500-35,000 |
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 prices of raw materials and cobalt chemicals were firm at high prices. Meanwhile, market players were firm to electrolytic cobalt prices amid stable downstream demand. Although some spot sources in the market were still in short supply, manufacturers and traders maintained normal shipments. It is expected that the market prices and transaction of electrolytic cobalt will be relatively stable, and market players mostly hold a wait-and-see attitude after the holiday.
The prices of cobalt intermediate were little changed and inquires from downstream users increased slightly. However, the market demand didn't reach the expectation and market players held a bearish sentiment. Meanwhile, the market businesses had a high resistance to high-priced sources, and the market trading atmosphere was poor. The market price of cobalt sulfate may be around Yuan 26,500/t, and that of cobalt chloride will be around Yuan 34,000/t.
Edited by Cassie Li, lixiangying@mysteel.com