According to the data monitoring of the business agency, the recent cobalt market is not good, and the price of cobalt has dropped sharply. As of June 23, the price of cobalt was 247000.00 yuan / ton, down 3.39% compared with 255666.67 yuan / ton at the beginning of the month; after June 11, the price of cobalt fell continuously, down 3.77% compared with 256666.67 yuan / ton on June 23. Cobalt prices have fallen sharply in the near future.

 

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International cobalt Market

 

According to LME market data, since the middle of June, the international cobalt market has fallen and the price of cobalt has fallen sharply. The price of cobalt on June 22 was US $28850 / ton, down 650 / ton from US $29500 / ton on June 11. International cobalt prices fell sharply, dragging down domestic cobalt market.

 

Time, category, specification, lowest price, up and down, highest price, up and down unit

June 22 standard cobalt 14.15 0 14.75 0 USD / lb

June 22 alloy grade cobalt 14.15 0 14.75 0 USD / lb

June 19 standard cobalt 14.15-0.35 14.75-0.15 USD / lb

June 19 alloy cobalt 14.15-0.35 14.75-0.25 USD / lb

June 18 standard grade cobalt 14.5 0 14.9 0 USD / lb

June 18 alloy grade cobalt 14.5 0 15 0 USD / lb

June 17 standard cobalt 14.5-0.1 14.9-0.1 USD / lb

June 17 alloy cobalt 14.5-0.1150 USD / lb

June 16 standard cobalt $14.60 15 / lb

June 16 alloy grade cobalt 14.6 0 15 0 USD / lb

June 15 standard cobalt $14.60 15 / lb

June 15 alloy grade cobalt 14.6 0 15 0 USD / lb

June 12 standard cobalt $14.60 15 / lb

June 12 alloy grade cobalt 14.6 0 15 0 USD / lb

June 11 standard cobalt $14.60 15 / lb

June 11 alloy grade cobalt 14.6 0 15 0 USD / lb

As can be seen from the table, since the middle of June, the price of cobalt has fallen in shock, and the price of MB has fallen sharply since the 17th. International cobalt market fell sharply, negative for domestic cobalt price.

 

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Domestic cobalt market volume

 

Date, variety, delivery volume, inventory unit

1023 tons of cobalt 2020-6-23

7 993 tons of cobalt 2020-6-22

2020-6-19 cobalt 11 980 tons

1 969 tons of cobalt 2020-6-18

2020-6-17 cobalt 1.5 956.5 tons

2020-6-16 cobalt 5.25 958.75 tons

2020-6-15 cobalt 1 949.75 tons

2020-6-12 cobalt 17 932.25 tons

2020-6-11 cobalt 11.25 912.5 tons

2020-6-10 cobalt 10 906.5 tons

From the trading situation of cobalt in Wuxi stainless steel market, since the middle of June, the trading volume of cobalt in Wuxi market has increased, and the stock of cobalt has increased substantially. As a whole, the stock of domestic cobalt market has increased, and the trading volume is average. The supply of domestic cobalt market is stable and the transaction is average. Cobalt market fell under pressure.

 

Market Overview

 

Baijiaxin, a data analyst of business agency, believes that the international cobalt market is low and the international cobalt price is fluctuating and falling, which is bad for the domestic cobalt market. The stock of domestic cobalt market increased greatly, the transaction was general, and the overall international cobalt market fell sharply, dragging down the cobalt market. Cobalt market is weak, but there is limited space for cobalt price to fall. Cobalt price is expected to fluctuate slightly in the future.

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