Cobalt prices rose this week

According to the data monitoring of business society, the domestic cobalt price fluctuated and adjusted this week, and the rise of cobalt Market slowed down. As of December 24, the cobalt price was 487400 yuan / ton, up 0.64% from 484300 yuan / ton on December 17 last weekend; Compared with the cobalt price of 489000 yuan / ton on December 20 at the beginning of the week, the price fell by 0.33%. The cobalt price fluctuated and adjusted this week, and the recovery of cobalt Market slowed down.

The rise of cobalt price slowed down and the weekly rise and decline decreased

According to the statistics of business society, the cobalt price has risen sharply since late November, but the rise of cobalt price has slowed down since mid December. This week, the cobalt price fell, and the rise of cobalt market is not supported enough.

The rise of international cobalt price slowed down

From the trend chart of LME cobalt price, it can be seen that the recent rising trend of LME cobalt price continues, but the rising trend slows down, MB cobalt price rises slightly, but the increase is small, the rise of international electrolytic cobalt price slows down, the price difference between domestic and foreign cobalt decreases, the enthusiasm of domestic cobalt export decreases, and the rising power of domestic cobalt price weakens.

Market Overview

Bai Jiaxin, a data analyst of business news agency, believes that under the background of high demand in the cobalt market, the rise of international cobalt price has stimulated the rise of cobalt price. However, the recent rise of international cobalt price has slowed down, the price difference between domestic and foreign cobalt prices has decreased, the enthusiasm for domestic cobalt export has declined, the rising power of domestic cobalt price has weakened, and the domestic cobalt price has been adjusted by shock. In the future, the demand of cobalt market is still high. The epidemic in South Africa restricts the supply of cobalt market, and the rising power of cobalt market is large. It is expected that the cobalt price will rise slightly in the future.