On October 19, the domestic metal cobalt price fell, and the domestic cobalt market was weak. The domestic market, the production and sales of new energy vehicles increased, the sales of mobile phones fell, and emerging markets such as digital wear grew rapidly.

The demand for cobalt market grew less than expected. Cobalt salt enterprises started to recover, the supply of cobalt salt was stable, and the price of cobalt salt stabilized. There was still a weak positive momentum for the cobalt market.

The import of cobalt raw materials increased, and the supply of cobalt market was sufficient; In the global market, the international cobalt price fell in shock, and the international cobalt market was adjusted for weakness. The overall upward momentum of the cobalt market is still under great downward pressure.

On October 19, the price of cobalt powder (- 200 mesh, - 300 mesh) in Shanghai spot market was temporarily stable, with the quotation of 360-370 RMB/kg, and the average price of 365 RMB/kg, which was more stable than the last trading day.

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