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Cobalt salt down, but the smelting gap is still limited in lithium smelting output, resulting in ore price up
Latest company news about Cobalt salt down, but the smelting gap is still limited in lithium smelting output, resulting in ore price up

 

In terms of cobalt, overseas prices combined with the decline of domestic futures prices affected the market sentiment and slightly overreacted. In terms of fundamentals, the gap of domestic cobalt raw materials and upstream smelters is still in progress, and the marginal amount of the gap is decreasing.

 

Battery and downstream terminal market

On the terminal side, the downstream demand for power battery this week remained high, and the differentiation of large and small plants at the upstream procurement end intensified. At present, most battery manufacturers have finished preparing their inventories in March. Some of them are affected by the decline of upstream nickel cobalt raw materials. At present, most of them still hold a wait-and-see attitude, and have less transactions on the upstream.

 

Electrolytic cobalt and cobalt intermediate

The spot price of electrolytic cobalt was flat this week. The decline of domestic futures affected market sentiment and led to the slowing down of overseas electrolytic cobalt procurement and the downward quotation. The price is cheaper than other products, and some domestic electrolytic cobalt manufacturers have shut down one after another. Recent sentiment weakened, expected electrolytic cobalt prices down, or major traders shipping. Cobalt intermediate prices rose this week. In the first half of the week, the market price was still uncertain, and the supplier's quotation was firm; in the second half of the week, the market bearish sentiment increased. In the second quarter, the gap of domestic cobalt intermediates may ease slightly, but it is difficult to have sufficient inventory immediately in the short term. Therefore, combined with market sentiment, cobalt intermediates are expected to drop slightly.

 

Cobalt and nickel salts

The price of cobaltous oxide was flat on Thursday. There is little or firm quotation for Co3O4, and the downstream demanders purchase sporadically, with more wait-and-see sentiment. After the festival, the actual trading volume of high price cobaltous oxide is limited, and the downstream inventory is gradually digested. It is expected that the transaction price of cobaltous oxide will be 324000-348000 Yuan / ton next Thursday.

 

Co3O4

The price of cobaltous oxide was flat on Thursday. There is little or firm quotation for Co3O4, and the downstream demanders purchase sporadically, with more wait-and-see sentiment. After the festival, the actual trading volume of high price cobaltous oxide is limited, and the downstream inventory is gradually digested. It is expected that the transaction price of cobaltous oxide will be 324000-348000 Yuan / ton next Thursday.

Pub Time : 2021-03-24 17:33:55 >> News list
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