View on cobalt price trend on August 4

Domestic cobalt price fell on August 4

According to the data monitoring of the business agency, the cobalt price stopped falling on August 4, and the cobalt market fell. On August 4, the cobalt price was 319100 yuan / ton, down 0.93% from 322100 yuan / ton on the previous trading day. In August, the cobalt price fell violently, and the short-term decline of the cobalt market remained the same.

Key points of analysis

Cobalt price in LME market was temporarily stable, MB cobalt price fell slightly, and the decline of international cobalt price slowed down; The installed capacity of ternary battery increased slightly, but the growth rate was lower than expected. The sales of new energy vehicles increased, the sales of mobile phones fell sharply, and the demand of cobalt market was lower than expected. The price of cobalt salt fell, and the downward pressure of metal cobalt remained.

Aftermarket forecast

The demand rise was less than expected, the cobalt industry chain fell, and the pressure of cobalt price decline remained. It is expected that the cobalt price will fluctuate slightly in the future.