Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/10/15 |
2024/10/14 |
Change |
Electrolytic cobalt |
157,000-195,000 |
157,000-195,000 |
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 remained stable and the supply of top-tier smelters' spots was tight, with some quotes increases. Most traders were firm to quotes, while downstream purchases were relatively calm, with a moderate trading atmosphere. At present, the market is still in the oversupplied situation, making it difficult for spot prices to move up.
The prices of cobalt intermediate still kept stable and smelters gradually focused on long-term orders, leading to rising inquires. However, the market demand didn't reach the expectation and market players held a bearish sentiment. Meanwhile, the market businesses had limited acceptance of high-priced sources, and the market trading atmosphere was sluggish. 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