Cobalt prices stabilized after rising this week
According to the data monitoring of business society, the cobalt Market stabilized after rising this week, and the cobalt price rose slightly. As of August 27, cobalt price was 369666.66 yuan / ton, up 1.56% from 364000.00 yuan / ton on August 20 last weekend; Compared with the cobalt price of 376333.34 yuan / ton on August 1, it decreased by 1.77%. After the cobalt market rose this week, the cobalt price stabilized, the rise of cobalt price was insufficient, and the cobalt price wanted to fall in the future.
Cobalt salt prices fell this week
time product
Cobalt oxide Cobalt sulfate Cobalt chloride Co3O4 Cobalt carbonate Lithium cobalt oxide Company
August 20th 287000-297000 77000-79000 88000-90000 290000-300000 187000-190000 318000-325000 Yuan / ton
August 23rd 287000-297000 77000-79000 88000-90000 290000-300000 187000-190000 318000-325000 Yuan / ton
August 24th 285500-295500 76000-79000 87000-90000 290000-297000 187000-190000 318000-325000 Yuan / ton
August 25th 285500-295500 76000-79000 87000-90000 290000-297000 187000-190000 318000-325000 Yuan / ton
August 26th 283500-293500 76000-79000 87000-90000 288000-295000 185000-188000 318000-325000 Yuan / ton
August 27th 283500-293500 76000-79000 87000-90000 288000-295000 185000-188000 318000-325000 Yuan / ton
Rise and fall – three thousand and five hundred – five hundred – five hundred – three thousand and five hundred – two thousand 0 Yuan / ton
According to the statistics of business society, the price of cobalt salt generally fell this week. The prices of cobalt oxide and cobalt trioxide both fell by 3000 yuan / ton this week, the price of cobalt carbonate fell by 2000 yuan / ton, and the prices of cobalt sulfate and cobalt chloride fell slightly by 500 yuan / ton. Cobalt salt prices fell, dragging down the cobalt market, and metal cobalt prices were dragged down, with insufficient upward momentum.
The decline of international cobalt price dragged down the domestic cobalt market
time Category specification minimum price Rise and fall Highest price Rise and fall Company
August 20th Standard grade cobalt twenty-three point seven five 0 twenty-four point six – zero point two USD / lb
August 20th Alloy grade cobalt twenty-three point seven five 0 twenty-four point six – zero point two USD / lb
August 23rd Standard grade cobalt twenty-three point seven – zero point zero five twenty-four point six 0 USD / lb
August 23rd Alloy grade cobalt twenty-three point seven – zero point zero five twenty-four point six 0 USD / lb
August 24th Standard grade cobalt twenty-three point six – zero point one twenty-four point six 0 USD / lb
August 24th Alloy grade cobalt twenty-three point six – zero point one twenty-four point six 0 USD / lb
August 25th Standard grade cobalt twenty-three point six 0 twenty-four point six 0 USD / lb
August 25th Alloy grade cobalt twenty-three point six 0 twenty-four point six 0 USD / lb
August 26th Standard grade cobalt twenty-three point five – zero point one twenty-four point six 0 USD / lb
August 26th Alloy grade cobalt twenty-three point five – zero point one twenty-four point six 0 USD / lb
As can be seen from the data released by LME market, the recent sharp decline in LME cobalt price, the decline in international cobalt price, dragged down the domestic cobalt market, the rise in domestic cobalt price was affected, and the downward pressure on domestic cobalt price increased. From the trend of MB cobalt price, it can be seen that the international cobalt price fluctuated and fell this week, the international cobalt Market weakened, the international cobalt Market dragged down the domestic cobalt market, and the domestic cobalt price did not have enough power to rise.
Market Overview
Bai Jiaxin, a data analyst at the business agency, believes that due to the recent decline in port to port cobalt raw materials, the decline in cobalt raw material imports, and the slight rise in domestic cobalt prices, there has been a short peak in the domestic cobalt market. However, the upstream and downstream industrial chain market and the international cobalt market showed weak performance, dragging down the domestic cobalt market. This week, the price of cobalt salt fluctuated and fell, and the downward pressure on cobalt price increased; International cobalt prices fell sharply, dragging down the rise of domestic cobalt market. Overall, the support for the rise of cobalt price in the future still exists, but the rising power is insufficient, the cobalt price is difficult to reach a new high, and the falling space of cobalt price is limited. It is expected that the shock of cobalt price in the future will stabilize.
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