Price trend

According to the data monitoring of SunSirs, the cobalt price fell on September 15, and the cobalt market fell back. On September 15, the cobalt price was 345,600 RMB/ton, down 0.06% from 345,800 RMB/ton on the previous trading day.

On September 15, the cobalt commodity index was 124.32, down 0.07 points from previous day, down 47.96% from the cycle's highest point of 238.91 points (2018-04-15), and up 78.01% from the lowest point of 69.84 points on July 5, 2016. (Note: the cycle refers to 2011-09-01 to now).

Analysis review

Cobalt prices in LME market stabilized, MB cobalt prices rose slightly in shock, and international cobalt prices rose slightly. After the end of power rationing in Sichuan Province, the cobalt salt and lithium salt industry chain enterprises started to recover, the cobalt salt price became strong and stable, the supply and demand of the new energy battery market recovered, the upward momentum of the cobalt market weakened, and the downward pressure remained.

Market outlook

The power limit expired, the supply and demand of the cobalt market recovered balance, the rise of the international cobalt price slowed down, the trend of the cobalt salt price became stable, the support for the early cobalt price rise was no longer there, and the cobalt price fell slightly. It is expected that the cobalt price will stabilize in shock in the future.

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