Price:
|
|
|
|
(Unit: Yuan/t) |
|
Product |
2024/12/6 |
2024/12/5 |
Change |
|
Electrolytic cobalt |
163,000-190,000 |
163,000-190,000 |
0 |
|
Cobalt powder |
170,000-175,000 |
170,000-175,000 |
0 |
|
Cobalt carbonate |
72,000-75,000 |
72,000-75,000 |
0 |
|
Cobalt sulfate |
26,500-27,500 |
26,500-27,500 |
0 |
|
Cobalt chloride |
33,000-34,000 |
33,000-34,000 |
0 |
|
Cobalt Co3O4 |
118,000-120,000 |
118,000-120,000 |
0 |
|
Cobalt oxide |
111,000-117,000 |
111,000-117,000 |
0 |
Outlook:
The prices of electrolytic cobalt fluctuated slightly with sufficient supply on the supply side. At the same time, market players mostly purchased on rigid demand. Moreover, some electrolytic cobalt brands had low inventory and they were firm to prices, leading to a few transactions. As the end of the year approaches, prices and transactions remained relatively stable. Market participants mostly held a wait-and-see attitude and were waiting for further market signals.
Last week, the transaction prices of cobalt sulfate were at a relatively low level. Recently, the offers of cobalt intermediate products has weakened slightly, but the supply of low-priced raw materials is still scarce in the market, and the production cost of cobalt sulfate has not changed significantly. From the supply side, smelters maintained low operating rates, leading to a reduction in overall market supply. On the demand side, as the industry enters the off-season, downstream market demand is difficult to boost, and downstream companies' procurement has become moderate. The industry generally held a pessimistic attitude. Currently, cobalt salt prices continued to fall, and cobalt sulfate profits were depressed. Considering the limited downward space for cobalt sulfate, it is expected that its subsequent prices will remain stable.
Edited by Cassie Li, lixiangying@mysteel.com
