In September, the domestic cobalt price rose “step by step”
According to the data monitoring of business society, the cobalt price “rose and stopped” in September, and the overall cobalt price trend showed a “ladder” rise. As of September 30, the cobalt price was 381600.00 yuan / ton, up 3.41% from 369000.00 yuan / ton on September 1.
International cobalt prices rose sharply
time Category specification minimum price Rise and fall Highest price Rise and fall Company
September 1, 2021 Standard grade cobalt twenty-three point four zero point zero five twenty-four point two five – zero point zero five USD / lb
September 1, 2021 Alloy grade cobalt twenty-three point four zero point zero five twenty-four point two five – zero point zero five USD / lb
September 2, 2021 Standard grade cobalt twenty-three point four 0 twenty-four point two five 0 USD / lb
September 2, 2021 Alloy grade cobalt twenty-three point four 0 twenty-four point two five 0 USD / lb
September 3, 2021 Standard grade cobalt twenty-three point five zero point one twenty-four point four zero point one five USD / lb
September 3, 2021 Alloy grade cobalt twenty-three point seven five zero point three five twenty-four point four zero point one five USD / lb
September 7, 2021 Standard grade cobalt twenty-three point six five zero point one five twenty-four point four 0 USD / lb
September 7, 2021 Alloy grade cobalt twenty-three point six five zero point one five twenty-four point four 0 USD / lb
September 8, 2021 Standard grade cobalt twenty-three point seven zero point zero five twenty-four point six zero point two USD / lb
September 8, 2021 Alloy grade cobalt twenty-three point seven zero point zero five twenty-four point six zero point two USD / lb
September 9, 2021 Standard grade cobalt twenty-three point eight five zero point one five twenty-four point six 0 USD / lb
September 9, 2021 Alloy grade cobalt twenty-three point eight five zero point one five twenty-four point six 0 USD / lb
September 10, 2021 Standard grade cobalt twenty-four zero point one five twenty-four point six 0 USD / lb
September 10, 2021 Alloy grade cobalt twenty-four zero point one five twenty-four point six 0 USD / lb
September 13, 2021 Standard grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 13, 2021 Alloy grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 14, 2021 Standard grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 14, 2021 Alloy grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 15, 2021 Standard grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 15, 2021 Alloy grade cobalt twenty-four 0 twenty-four point six 0 USD / lb
September 16, 2021 Standard grade cobalt twenty-four point two five zero point two five twenty-four point seven five zero point one five USD / lb
September 16, 2021 Alloy grade cobalt twenty-four point two five zero point two five twenty-four point seven five zero point one five USD / lb
September 17, 2021 Standard grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb
September 17, 2021 Alloy grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb
September 20, 2021 Standard grade cobalt twenty-four point six zero point one five twenty-five 0 USD / lb
September 20, 2021 Alloy grade cobalt twenty-four point five zero point zero five twenty-five 0 USD / lb
September 21, 2021 Standard grade cobalt twenty-four point nine five zero point three five twenty-five point two five zero point two five USD / lb
September 21, 2021 Alloy grade cobalt twenty-four point eight zero point three twenty-five point two five zero point two five USD / lb
September 22, 2021 Standard grade cobalt twenty-four point nine five 0 twenty-five point two five 0 USD / lb
September 22, 2021 Alloy grade cobalt twenty-four point nine zero point one twenty-five point two five 0 USD / lb
September 23, 2021 Standard grade cobalt twenty-five point one zero point one five twenty-five point five zero point two five USD / lb
September 23, 2021 Alloy grade cobalt twenty-five point one zero point two twenty-five point five zero point two five USD / lb
September 24, 2021 Standard grade cobalt twenty-five point two zero point one twenty-five point six zero point one USD / lb
September 24, 2021 Alloy grade cobalt twenty-five point two zero point one twenty-five point six zero point one USD / lb
September 27, 2021 Standard grade cobalt twenty-five point four zero point two twenty-five point nine zero point three USD / lb
September 27, 2021 Alloy grade cobalt twenty-five point five zero point two twenty-five point nine zero point three USD / lb
September 28, 2021 Standard grade cobalt twenty-five point five zero point one twenty-six zero point one USD / lb
September 28, 2021 Alloy grade cobalt twenty-five point five zero point one twenty-six zero point one USD / lb
September 29, 2021 Standard grade cobalt twenty-five point six zero point one twenty-six 0 USD / lb
September 29, 2021 Alloy grade cobalt twenty-five point five 0 twenty-six 0 USD / lb
It can be seen from the data released by LME market that the closing price of LME cobalt rose continuously in September, and the international cobalt Market performed strongly, which was good for the domestic cobalt market. From the price list of MB cobalt in September, it can be seen that the price of MB cobalt stopped falling but rose in September, and there was a trend of rising and accelerating in mid September. The rise of MB cobalt price reflects the recovery and rise of the international cobalt market, which is good for the domestic cobalt market.
Sales of new energy vehicles doubled
According to the latest data released by China Automobile Association, in August, the production and sales of new energy vehicles were 309000 and 321000 respectively, an increase of 1.8 times year-on-year. In August, the production and sales of new energy continued to set a new record. In August, the penetration rate of new energy vehicles has increased to 17.8%, and the penetration rate of new energy passenger vehicles is close to 20%. The production and sales of new energy vehicles have doubled, the market of new energy vehicles has risen, the penetration of new energy vehicles has accelerated, the new energy vehicle industry has taken off, and the demand of cobalt market has soared.
The proportion of ternary batteries was further reduced
According to the data released by China automotive power battery industry innovation alliance, in terms of output, in August 2021, the output of ternary battery was 8.4gwh, accounting for 42.9% of the total output, with a year-on-year increase of 91.5% and a month on month increase of 4.8%; The output of lithium iron phosphate battery was 11.1gwh, accounting for 56.9% of the total output, with a year-on-year increase of 268.2% and a month on month increase of 18.8%. In terms of loading volume, in August 2021, a total of 5.3gwh of ternary batteries were loaded, with a year-on-year increase of 51.9% and a month on month decrease of 2.1%; Lithium iron phosphate batteries were loaded with a total of 7.2gwh, a year-on-year increase of 361.8% and a month on month increase of 24.4%. The output of ternary batteries increased slowly, the demand for cobalt increased, the installed capacity of ternary batteries decreased further month on month, the demand of new energy vehicles for cobalt market grew slowly, and the room for cobalt price rise was limited. Under the dual influence of the continuous rise of raw material costs and the expansion of market share of new energy automobile enterprises at this stage, in order to control costs, more automobile enterprises choose to use lithium iron phosphate batteries or further reduce the proportion of ternary batteries.
Influence of double control power rationing on cobalt Market
The “power restriction order” in the three northeastern provinces and other places has spread from factories to residents’ lives. Recently, many places such as Shenbei New District, Shenyang, Liaoning Province had a sudden “power cut”, which once led to traffic paralysis and affected residents’ lives. The power shortage has even affected residents’ lives. The growth of electric vehicles is bound to exacerbate the power shortage and increase the pressure on the power grid. In the case of such serious power rationing, it will attack consumers’ enthusiasm to buy electric vehicles to a certain extent, and the future sales of electric vehicles may be less than expected.
Mobile phone shipments fell year-on-year
According to the data released by China Academy of communications and communications, in August 2021, the domestic market shipped 24.306 million mobile phones, a year-on-year decrease of 9.7%. From January to August 2021, the overall domestic market shipped 227 million mobile phones, a year-on-year increase of 12.3%. Although the annual mobile phone shipment in 2021 increased compared with that in 20 years, the epidemic affected the shipment in 20 years. The mobile phone shipment in 21 years was lower than expected, and the decline of mobile phone shipment in August further showed that the demand support of cobalt city was insufficient.
Market overview and future expectations
Bai Jiaxin, a data analyst at the business agency, believes that the sharp rise in cobalt prices in September stimulated the rise of the domestic cobalt market. However, on the demand side, although the doubling of new energy vehicles ensured the basic demand of the cobalt market, the further compression of the proportion of ternary batteries showed that the demand of the cobalt market did not grow as expected, and the decline of mobile phone sales further compressed the rising space of the cobalt market, making the cobalt Market struggling in September. In the future, the demand support of cobalt market is sufficient, and the driving force for the rise of cobalt price still exists. However, the demand growth of cobalt market is less than expected, and the room for the rise of cobalt price is limited. It is expected that the cobalt price will rise slightly in the future.