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Cobalt salt: no good news in the market, cobalt prices are weak
At present, the supply and demand side is still the most important factor determining the trend of **. The raw material side is mainly weak, but the adjustment space is relatively limited, and the cost pressure exists. The market price of cobalt sulfate is expected to be around 31,000 yuan ton, and the market price of cobalt chloride is expected to be around 39,000 yuan ton.
Cobalt metal: sporadic scattered orders are the main wait-and-see sentiment in the field
In terms of electrolytic cobalt, the overall demand in the European market has not changed significantly, and the overall situation is tepid. Domestically, because it is the first working week of resumption of work after the Spring Festival, enterprises have resumed work one after another and the industry is mostly in a wait-and-see mood, although the downstream inquiry and price action has increased, but it is still mostly sporadic and scattered, and it is expected that there will be a certain degree of fluctuation in electric cobalt. In terms of cobalt powder, smelters have resumed work one after another, although there is still no obvious improvement in downstream demand, but the cobalt powder orders of some enterprises are still relatively saturated. Cobalt powder** is expected to remain stable.
Cobalt oxide: enterprises have resumed work and production, and smelters have stabilized temporarily
In the first week after the current year, most of the enterprises are in a state of resumption of work, some small enterprises have not yet started, the overall purchase of the market is relatively limited, the smelter is more than the trend of the previous year, the transaction is mainly negotiated and shipped, the raw material cobalt salt enterprises are flat, and the industry is waiting for the market to return to normal after the good news appears, and it is expected that the cobalt oxide will still be consolidated in the short term, and the market price of cobalt tetroxide will be around 135,000 yuan tons, and the market price of cobalt oxide will be around 134,000 yuan tons.
Cobalt carbonate: Cobalt carbonate** is deserted, and downstream inquiries are scarce
At present, the demand for downstream cobalt powder market is weak, and the inventory in the hands of manufacturers is less, there are fewer voices of inquiry and price inquiry, and the cobalt salt market volatility is limited and tends to be stable.
part.2. Market analysis
Electrolytic cobalt: This week, the overall electronic disk showed a downward trend, overseas demand was stable, there was no obvious growth, and there were fewer effective transaction orders. After the end of the holiday, there is less spot in the field, and the overall demand performance of the domestic downstream magnetic materials and alloy market remains flat, and the industry is mostly in a wait-and-see mood. However, there have also been voices of inquiries and price inquiries, but most of them are based on bulk purchases, and the market transactions are relatively active before the holiday. It is expected that cobalt prices will remain weak and stable after the holiday.
Cobalt powder: Since it is the first week after the resumption of work during the Spring Festival, the domestic mainstream cobalt powder** basically continued to be weak and stable last week**. At present, most of the smelters in the field have resumed work one after another, and the downstream demand has not improved significantly, but the stocking orders are relatively saturated, and the transaction atmosphere in the field is slightly lively. It is expected that cobalt powder** will maintain weak and stable operation in the short term.
Cobalt carbonate: Cobalt carbonate manufacturers** basically unchanged this week. At present, cobalt carbonate is persistently weak, manufacturers have less inventory, downstream procurement willingness is low, and the overall downturn is difficult to change. It is expected that cobalt carbonate will have a difficult trend in the short term.
Cobalt sulphate:In the first week of the Spring Festival, some merchants have not yet resumed work, there are very few smelters, and the terminal demand needs to be started. The downstream has a bearish attitude towards the short-term market, and the inertia of some buyers to reduce prices has caused a pessimistic mentality of individual smelters, resulting in a decline in the market, and the overall transaction performance in the week is average.
Cobalt chloride:After the year, the external market will continue to be weak, and the downstream market will recover slowly after the holiday, and it will be difficult to establish interest in raw material procurement, which will adversely affect the mentality of the industry. On the whole, the smelter is under great pressure from poor delivery, and some of them want to reduce the number of goods to stimulate the shipment, and the overall transaction is not good. However, the demand side is gradually recovering, and smelters are cautious in adjusting prices, waiting for further changes in raw materials.
Cobalt tetroxideIn the first week of resumption of work after the Spring Festival holiday in the week, enterprises are mostly in a state of resumption of work and production, superimposed logistics and transportation have resumed one after another, and there are inquiries in the field, and enterprises have maintained the trend of the previous year, mostly around 135,000 yuan tons, and it is difficult to improve in the short term with terminal demand.
Cobalt oxideDuring the week, most of the enterprises are in the stage of resuming work and production one after another, the market changes are limited, and the downstream as a traditional industry, the company has limited purchases at the beginning of the year, and is mostly in a wait-and-see state.
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