Domestic cobalt prices fell on December 22

According to the data monitoring of business agency, the domestic cobalt price fell on December 22, and the cobalt market fell. On December 22, the cobalt price was 485200 yuan / ton, down 0.45% from 487400 yuan / ton on December 21 of the previous trading day; The cobalt market fell on December 22.

Key points of analysis

The rise of international cobalt price slowed down, the price difference at home and abroad decreased, and the rising power of domestic cobalt price weakened; Affected by the epidemic, the transportation of cobalt raw materials in South Africa is limited, and the supply of cobalt in the city may be temporarily insufficient.

Future forecast

Under the background of high demand, insufficient supply has stimulated the sharp rise of cobalt price, the international cobalt price has stabilized, the price difference between domestic and foreign cobalt has decreased, and the upward momentum of domestic cobalt price has weakened. Recently, the domestic cobalt price has increased by nearly 70000 yuan / ton. The domestic cobalt price has risen too fast, there is a risk of decline in the domestic cobalt price, and the recent domestic cobalt price has fallen. In the long run, the production and sales of new energy vehicles are rising, the demand of cobalt market is still strong, the rising power of cobalt market is large, and the cobalt price is expected to rise in the future.