Domestic cobalt price stopped falling on February 16

According to the data monitoring of SunSirs, as of February 16, the domestic cobalt price was 288,200 RMB/ton, up 0.03% from the price of 288,100 RMB/ton on February 15 of the previous trading day. On February 16, the domestic cobalt price stopped falling and stabilized.

Analysis review

On February 15, the price of cobalt in LME market fell sharply, the price of MB cobalt stabilized, and the international cobalt price still fell. In January, the production and sales of new energy vehicles fell on a month-on-month basis. With the recovery of the domestic economy, the production and sales of new energy vehicles are expected to warm up in the future, and the demand of cobalt market is expected to warm up.

Market outlook

With high expectations and low reality, the supply of cobalt price is sufficient and the demand is general. It is expected that the cobalt price will fall slightly in shock in the future.

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