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Cobalt salt: market demand is sluggish, and cobalt salt is weak and stable
At present, there is no obvious sign of improvement on the demand side, the downstream or choose the low-price stage just need to replenish the warehouse, and the raw materials are currently few transactions, there is still a risk of decline in the later stage, and the cost side support has also weakened, but in terms of the current situation, the low-price inventory has decreased, and the smelter's price mentality is gradually emerging, so the short-term ** or stable operation. It is estimated that the market price of cobalt sulfate will be around 31,000 yuan, and the market price of cobalt chloride will be around 39,000 yuan.
Cobalt metal: Cobalt metal climbed significantly and the demand in the field was flat
In terms of electrolytic cobalt, there was a slight decline in the overseas market near Christmas, but the stocking was basically completed, and the overall atmosphere tended to be flat. Domestically, around Wednesday, there was a significant **, and some industry players were due to the passive rise of electric cobalt** caused by short liquidation, but it is expected that electric cobalt** may maintain the current ** or a small range of downward exploration in the short term. In terms of cobalt powder, there was no significant improvement this week, but some companies had good transactions, and they have begun to stock up one after another, and it is expected that cobalt powder will remain weak and stable in the short term.
Cobalt oxide:The industry mostly has a wait-and-see attitude, and the center of gravity of the transaction is low
At present, the buyers and sellers in the market are mostly in a stalemate, the overall trading volume of the market is limited, the center of gravity of the transaction is low, and the terminal demand has not improved significantly at the end of the yearIt is expected that in the short term, cobalt oxide will be weak and stable, with the market price of cobalt tetroxide around 128,000 yuan and the market price of cobalt oxide around 131,000 yuan.
Cobalt carbonate: The overall atmosphere of the market is weak, and buyers and sellers are deadlocked
The market trend remains deadlocked, the enthusiasm of downstream inquiries is not good, and there is no effective volume in the transaction for the time being. The mentality of buyers and sellers in the market outlook is more cautious and bearish, and many of them continue to have a "wait for the fall" mentality to be bearish for the market, and the upstream and downstream continue to game.
part.2. Market analysis
Electrolytic cobalt: This week, the electric cobalt** fluctuated significantly with the electronic disk**, and the cobalt price began to climb on Wednesday. Approaching Christmas, the overall demand for overseas electric cobalt is average, but it has also basically completed stocking, and the outer disk has declined in a small range. Although the domestic magnet and alloy market demand has not improved significantly, due to the short side liquidation to a certain extent, it is expected that the electric cobalt may continue to maintain the current ** in a small range of fluctuations in the short term.
Cobalt powder: This week, there was no big fluctuation in the domestic mainstream cobalt powder**. At present, most of the company's shipments at this stage are relatively stable, a small number of enterprises are more optimistic about large orders, although the demand for cemented carbide has been tepid, but the successive stocking of the previous year, so that the industry mentality is more positive, the transaction atmosphere has eased compared with the previous month, and it is expected that the short-term cobalt powder ** or will fluctuate in a small range in the range.
Cobalt carbonateThis week, mainstream cobalt carbonate manufacturers maintained weak and stable, cobalt carbonate manufacturers shipped under pressure, downstream inquiries and price inquiries were low, the demand side continued to be weak, and the transaction news was rarely heard, and it is expected that short-term cobalt carbonate may decline slightly.
Cobalt sulphate:Due to the obvious decline in the external disk, the smelter mentality is under pressure, and the downstream demand is not high, the industry mostly chooses to retreat and wait and see, and sporadic procurement is mainly based on low temptation. However, after the continuous decline in the early stage, the market price has reached a stage low, the first space may be limited, and some mainstream factories are very low in their willingness to make profits and ship, and it is difficult to find low-price goods in the market.
Cobalt chloride: The demand side has become the main bottleneck restricting the market during the week, and the sluggish start of digital demand from the terminal restricts the sustainability of market follow-up. In addition, the external market has been falling endlessly, the bearish sentiment of the industry is gone, and the shipment pressure of smelters has increased invisibly. In particular, the low-price transaction information in the field made downstream customers continue to reduce the price and explore, and the smelter continued to decline in order to ensure shipments.
Cobalt tetroxideCobalt tetroxide continued to fall slightly during the week, the current overall market atmosphere is relatively deadlocked, the raw material cobalt salt ** has a slight fluctuation, the mentality of the industry has not been affected, the superimposed terminal demand has not improved, the field orders are limited, and there are occasionally a small number of tentative inquiries.
Cobalt oxideThe market has not improved during the week, the driving force of market demand is insufficient, the downstream traditional industries have not improved significantly, the end of the year enterprises are mainly to go to the warehouse, the procurement of raw materials is still cautious, the overall effective turnover of the market is limited, ** into a short-term weak and stable state, the current industry is still more wait-and-see attitude.
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