Price:
|
|
|
(Unit: Yuan/t) |
Product |
2024/10/16 |
2024/10/15 |
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 moved up slightly as the supply of top-tier smelters' spots was tight. Meanwhile, most traders were firm to quotes, while downstream purchases were relatively calm, with a moderate trading atmosphere. At present, the market is still oversupplied, making it difficult for spot prices to rise.
The prices of cobalt intermediate moved down slightly amid weakness raw materials support. At the same time, inquires from end-side users increased, but the market demand didn't reach the expectation and market players held a bearish sentiment. Moreover, 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