Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/10/12 |
2024/10/11 |
Change |
Electrolytic cobalt |
160,000-195,000 |
160,000-195,000 |
0 |
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 electrolytic cobalt moved up slightly after the National Day holiday. The top-tier smelters had a tight supply of spot goods, with some price increases. Most traders were firm to quotes, while downstream purchases were relatively calm, with a moderate trading atmosphere. At present, the market is oversupplied, making it difficult for spot prices to rise.
The prices of cobalt intermediate remained stable 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