View on cobalt price trend on April 6

On April 6, the domestic cobalt price fell slightly

 

According to the data monitoring of business agency, the domestic cobalt price rose slightly on April 6, and the cobalt Market stabilized. On April 6, the price of cobalt was 558100 yuan / ton, up 0.22% from 556900 yuan / ton on the previous trading day; The cobalt market was temporarily stable, and the cobalt price rebounded slightly.

 

Key points of analysis

 

The international cobalt price has stabilized, and the price difference at home and abroad still exists; The consumption of new energy vehicles decreased, affected by the epidemic, the installed capacity of ternary batteries decreased month on month, the demand of cobalt Market decreased, and the rising power of cobalt Market weakened. Nickel price dragged down the rise of cobalt price. Cobalt price rose too fast in the early stage, and the risk of future decline still exists.

 

Future forecast

 

The demand is weak, the cobalt market has great downward pressure, the early cobalt price rises too fast, and the risk of decline remains. It is expected that the cobalt price will rise slightly in the future.

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