Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/11/8 |
2024/11/7 |
Change |
|
Electrolytic cobalt |
164,000-190,000 |
163,000-190,000 |
500 |
|
Cobalt powder |
172,000-177,000 |
172,000-177,000 |
0 |
|
Cobalt carbonate |
72,000-75,000 |
72,000-75,000 |
0 |
|
Cobalt sulfate |
26,500-27,500 |
26,500-28,000 |
-250 |
|
Cobalt chloride |
33,500-34,500 |
33,750-34,750 |
-250 |
|
Cobalt Co3O4 |
116,000-119,000 |
117,000-120,000 |
-1,000 |
|
Cobalt oxide |
115,000-118,000 |
115,000-120,000 |
-1,000 |
Outlook:
The prices of electrolytic cobalt prices moved up slightly due to the stimulation of news. At the same time, the operating rates of manufacturers remained high, and the supply was relatively sufficient. However, there was no significant stocking demand for downstream alloys and magnetic materials last week, and the procurement was relatively flat. Overall, all smelters had relatively stable orders, and industry players had less acceptance ship at lower prices, with a mainly wait-and-see attitude. It is expected that electrolytic cobalt prices may remain strong in the short term.
Last week, the demand was fatigue, and the growth rate of the electronics and EV markets slowed down significantly. Some enterprises chose to reduce or even stop production due to long-term profit losses, while others adopted the strategy of selling solutions nearby to reduce costs. At the same time, top-tier companies maintained stable supply, the overall market supply remained abundant, leading to an imbalance between supply and demand in the cobalt sulfate market, resulting in downward pressure on prices. Moreover, the sluggish market sentiment, coupled with an increase in selling at low prices, has further accelerated the downward trend of cobalt sulfate prices, and the current trading prices of cobalt salts were relatively low.
Edited by Cassie Li, lixiangying@mysteel.com
