Cobalt prices stabilized after falling this week
According to the monitoring data of business society, the cobalt Market stabilized after falling this week, and the cobalt price was weak and stabilized. As of May 23, the average price of cobalt was 495900 yuan / ton, down 2.86% from 510500 yuan / ton on May 16 at the beginning of last week; Compared with the cobalt price of 540000 yuan / ton on May 1, it fell by 8.17%. The supply and demand of cobalt market were both weak, and the cobalt price stabilized after falling this week.
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The output of ternary battery decreased
In April, China’s ternary battery output was 12.6gwh, with a month on month decrease of 27% and a year-on-year increase of 55%; In April, China recovered 19421 tons of used lithium batteries, with a month on month increase of 1.2% and a year-on-year increase of 31%. In April, the output of negative electrode materials in China was 101500 tons, with a month on month increase of 15% and a year-on-year increase of 69%. Recently, the market demand for cobalt salt, ternary and lithium cobaltate has been sluggish, mainly for procurement, the inventory of downstream enterprises is low, the demand of cobalt market is sluggish, the rising power of cobalt market is insufficient, and the downward pressure is great.
International cobalt prices fell
Time, Category and specification, minimum price., Up and down, The highest price, Up and down, Company
May 16, Standard grade cobalt, 39.75., 0 ., forty point two five ., 0 USD / lb
May 16, Alloy grade cobalt, 39.75., 0 forty point five ., 0 USD / lb
May 17, Standard grade cobalt, 39.75., 0 ., forty point two five ., 0 USD / lb
May 17, Alloy grade cobalt, 39.75., 0 ., forty point five ., 0 USD / lb
May 18, Standard grade cobalt, thirty-nine point seven .,- zero point zero five ., forty point two five ., 0 USD / lb
May 18th ., Alloy grade cobalt, 39.75., 0 ., forty point five ., 0 USD / lb
May 19th ., Standard grade cobalt, 39.7., 0 ., forty point two five ., 0 ., USD / lb
May 19th ., Alloy grade cobalt, thirty-nine point seven five ., 0 ., forty point five ., 0 USD / lb
May 20, Standard grade cobalt, 39.4., – 0.3., forty point one five .,- zero point one ., USD / lb
May 20, Alloy grade cobalt, 39.4., – zero point three five ., forty point three .,- zero point two ., USD / lb
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May 23rd ., Standard grade cobalt, 39.4., three ., forty point one five ., 0 ., USD / lb
May 23, Alloy grade cobalt ., thirty-nine point four ., 0 ., forty point three ., 0 ., USD / lb
As can be seen from the price list of MB cobalt, the price of MB cobalt fell slightly this week, the international price of cobalt fell, and the cobalt market fell. The negative impact on the domestic cobalt market has increased, and the downward pressure on the domestic cobalt price has increased.
Market Overview
Bai Jiaxin, a data analyst at business news agency, believes that the international cobalt price has fallen, the price of cobalt salt has fallen sharply, the output of ternary batteries has declined, and the demand for cobalt has declined; The supply side is relatively stable, and the downward pressure on cobalt prices is increasing. In the future, the demand of cobalt market is weak, the demand of cobalt market is expected to grow slowly, and the space for cobalt price decline is limited. It is expected that the future cobalt price will fluctuate and adjust at about 500000 yuan / ton.
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