Domestic cobalt prices continued to rise this week

According to the data monitoring of business society, the domestic cobalt market rose sharply in October. After the cobalt price fell slightly on the 13th, the cobalt market rose three times in a row, and the cobalt price finally broke 4. As of October 18, the cobalt price was 401200.00 yuan / ton, up 5.14% from 381600.00 yuan / ton on October 1 at the beginning of the month. In October, the cobalt price finally broke the 400000 yuan / ton mark.

Rising international cobalt prices

According to the LME cobalt price trend chart, the international cobalt price rose continuously this week, the international cobalt price rose sharply for three consecutive trading days, and the international cobalt market rose. MB cobalt price rose slightly this week, but the rise of cobalt price slowed down this week, the support of international cobalt price to domestic cobalt price weakened, the support of domestic cobalt price breaking 4 was insufficient, and the rising power after breaking 4 was insufficient.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that the sharp rise in the international cobalt price this week has stimulated the rise of the domestic cobalt market, but the rise in the international cobalt price has slowed down, and the domestic cobalt price has no momentum to continue to rise. The cobalt price finally broke the 400000 yuan / ton mark, but it is difficult to continue the rise in the domestic cobalt price in the near future. It is expected that the short-term shock of the future market cobalt price will maintain stability, and the rise in the medium and long-term cobalt price remains the same.