Trend analysis

 

According to the data monitoring of the business association, the domestic cobalt price rose sharply after the festival, and the cobalt market rebounded and warmed up. As of February 18, the price of cobalt was 348000.00 yuan / ton, up 4.87% from 331833.34 yuan / ton on February 9. During the Spring Festival, the sharp rise of international cobalt price stimulated the rise of domestic cobalt market.

 

MB cobalt price during the Spring Festival

 

Time ﹣ category ﹣ specification ﹣ lowest price ﹣ rise and fall ﹣ highest price ﹣ rise and fall ﹣ unit

February 9 ﹣ standard cobalt ﹣ 22 ﹣ 0.25 ﹣ 22.35 ﹣ 0 ﹣ USD / lb

February 9 – alloy grade cobalt 22 0.25 22.3 0 USD / lb

February 10 – standard cobalt 22.0 22.35.0 USD / lb

February 10 – alloy grade cobalt $22.0 $22.3 $0 / lb

February 11 – standard cobalt 22.25 0.25 22.75 0.4 USD / lb

February 11 – alloy grade cobalt 22.25 0.25 22.75 0.45 USD / lb

February 12 ﹣ standard cobalt ﹣ 22.5 ﹣ 0.25 ﹣ 22.75 ﹣ 0 ﹣ USD / lb

February 12 – alloy grade cobalt 22.5 0.25 22.75 0 USD / lb

February 15 ﹣ standard cobalt ﹣ 22.75 ﹣ 0.25 ﹣ 23.15 ﹣ 0.4 ﹣ USD / lb

February 15 – alloy grade cobalt 22.75 0.25 23.15 0.4 USD / pound

February 16 ﹣ standard cobalt ﹣ 22.25 ﹣ 23.15 ﹣ 0 ﹣ USD / lb

February 16 – alloy grade cobalt 22.25-23.15-0 USD / lb

February 17 ﹣ standard cobalt ﹣ 22.9 ﹣ 0.15 ﹣ 23.35 ﹣ 0.2 ﹣ USD / lb

February 17 – alloy grade cobalt 23 0.25 23.7 0.55 USD / lb

From the MB cobalt price list during the Spring Festival, it can be seen that during the Spring Festival, the international cobalt price soared, the international cobalt market rose, the domestic cobalt market was more favorable, the domestic cobalt price rose, and the domestic cobalt market rose.

 

LME cobalt Market during the Spring Festival

 

It can be seen from the trend chart of LME market cobalt price that during the Spring Festival, the rising power of international cobalt market is increased, while the domestic cobalt market is favorable, and the rising power of cobalt price is increased.

 

Market Overview

 

Bai Jiaxin, data analyst of business news agency, believes that during the Spring Festival, international cobalt prices soared. In the case of no major change in global supply and demand fundamentals, the soaring international cobalt price stimulated the domestic cobalt market to rise. After the festival, the domestic cobalt price rose by 15000 yuan / ton in a single day. In the future, the sales of new energy vehicles rose, the sales of 5g mobile phones rebounded, and the demand of cobalt market rose steadily. Affected by the epidemic, the supply and demand of cobalt market were limited, and the supply growth of cobalt market was difficult. It was expected that the market of short supply in the future would intensify, and the price of cobalt in the future would fluctuate and rise.

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