This week, the foreign media low cobalt offer temporarily stabilized, the domestic spot market wait and see mood continued, the speculative market performance weakened, so that the overall metal cobalt, cobalt salt and terminal products are in a slow price correction, and the current digital downstream market entered the off-season, Under the dual influence of off-season and wait-and-see mood, the four cobalt and cobalt salts were obviously lightly traded.
Electrolytic cobalt: After three days of small holiday, domestic transactions resumed dull, overseas did not have large fluctuations, domestic mainstream producers still played export licenses, and domestic quotations remained unchanged. Downstream fears high mentality, electroplating, catalysts and alloys downstream of the pre-digestion inventory, the purchase volume is weak, while the downstream materials cited in the magnetic material reduce the consumption capacity, the overall market downturn, the current price of SMM electrolytic cobalt is 35.8-37.2 million yuan / ton The average price remained unchanged from last week.
Cobalt trioxide: The market for cobalt trioxide continued to be polarized this week, but the transaction was slightly weak. The transaction price was slightly down, mainly affected by three points. The first point was the intervention of battery manufacturers to the upstream. The battery manufacturers purchased the upstream raw material manufacturers from the positive electrode materials manufacturers. The price posture is more tough. The second point is that the company itself is in the customer protection mechanism. In addition to the extension of the account period, adjusting the price is a more powerful means of customer protection. The third point is that the continuous decline of cobalt salt has made room for the four cobalt bargaining. In addition, there are also small manufacturers in the market in order to maintain the basic operating low-cost phenomenon. The current price of SMM cobalt trioxide is 355-375 yuan / kg, the average price fell 5 yuan / kg from last week.
Cobalt oxide: This week, the market for cobalt oxide continued to be light last week. First of all, the low-cost drive of waste manufacturers, for some companies that produce cobalt oxide for some mining, despite the reluctance to ship under cost pressure, in order to maintain capital turnover The price will also be adjusted as appropriate. In addition, a batch of tetra-cobalt with unqualified quality has entered the market in the form of cobalt oxide, which brings certain downward space to the market price. Finally, the impact of downstream environmental protection factors, ceramic glaze and other high energy consumption and high pollution enterprises have received certain impact, and the willingness to purchase upstream is weakened. The current price of SMM cobalt oxide is 298-308 yuan / kg, the price is weaker and the transaction is more difficult. This week, the cobalt powder market is just around the corner. Although the mainstream trading volume is limited, the small-volume transaction price is slightly lower, the manufacturers are no longer stuck in the high position, and the SMM cobalt powder price is 500-530 yuan/kg. The average price remains unchanged from last week.
Cobalt salt: The price of cobalt salt continued to fall this week, and the downstream shortened the procurement cycle to prevent downside risks. It is worth noting that the low-cobalt low-frequency of foreign media has not shown a corresponding decline in China, but it is stable at US$24.2/lb, which means that the cost pressure of cobalt salt manufacturers to import intermediate products is still there, and the preparation period of cobalt salt is short. It is more sensitive to price response, and downstream procurement needs to make a reasonable purchase plan according to its own needs. The price of SMM cobalt sulfate is 73-78 yuan/kg, and the average price is 2.5 yuan/kg lower than last week. The current price of SMM cobalt chloride is 95-99 yuan / kg, the average price fell 3 yuan / kg from last week.
Lithium cobaltate : The market for lithium cobalt oxide was stable this week. In the case of the digital battery industry entering the off-season, the industry began to show a polarization trend, and the customer structure began to exert its power: manufacturers with long-term large customers were not affected by market price changes. The transaction was stable, but for some of the smaller manufacturers, the lithium cobalt oxide market was not good. In the case that the four cobalt was slightly vacated, some small factories would intentionally adjust the price moderately. The price of SMM lithium cobaltate is 390-400 yuan / kg, the average price is flat compared with last week.
Ternary materials: The volume of ternary materials in this week is still good, and the transaction price has a slight downward pressure. The main reason is that the price of cobalt sulphate in the upstream has dropped, and the price of precursors has dropped to a small downward pressure on ternary materials. On the demand side, the demand for the power market is relatively firm, and the digital market as a whole has entered a cyclical off-season. The overall performance of the ternary materials has been stable this week. The structure of some manufacturers' ternary materials is reasonable, and they still perform well in the digital low season environment. The price of SMM ternary precursor (type 523) is 103-107 yuan/kg, and the average price is stable compared with last week. The price of SMM ternary material (type 523) is 180-185 yuan/kg, and the average price is unchanged from last week.
Market outlook: This week, the price drop of cobalt salt has a significant impact on tetracobalt and precursors. It is expected that downstream materials will have lag adjustment requirements. The upside and downside of cobalt prices will constrain the decline in prices due to sluggish domestic demand.
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