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SMM May 18th Cobalt Sulfate spot Express: shortage of Cobalt Raw Materials demand to maintain Cobalt Sulfate prices or continue to rise slightly
May 18,2020 13:55CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 18: the current mainstream market price is 4.55-47500 yuan / ton, the average price is 500 yuan / ton higher than the day before. Today's market is almost 45000 yuan / ton and below cobalt sulfate, a customer feedback heard that the market 46000 yuan / ton cobalt sulfate transaction, the specific trading volume and shippers unknown.

The downstream power end part of the ternary precursor and cathode material factory has the procurement demand for cobalt sulfate due to the normal Tesla high nickel order; the downstream consumer end part of the cobalt tetroxide manufacturer also has the purchase demand for cobalt sulfate due to the order demand of cobalt tetroxide. According to SMM research and customs data, according to the current start-up plans, there is a shortage of cobalt raw materials in domestic smelters in early June, the willingness of cobalt salt plants to raise prices continues to strengthen, the "rigid" procurement demand for downstream production and a few orders is still there, and cobalt sulfate prices may continue to rise slightly.

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