Cobalt prices rose this week

 

EDTA

According to the data monitoring of business agency, the domestic cobalt price rose sharply this week, and the cobalt market rose. As of February 21, the average price of cobalt was 542000 yuan / ton, up 2.32% from 529700 yuan / ton on February 14 at the beginning of last week. Sales of new energy vehicles exceeded expectations and domestic cobalt prices rose.

 

Rising international cobalt prices

 

As can be seen from the trend chart of LME cobalt price, the LME cobalt price rose sharply this week, and the international electrolytic cobalt price rose, which was good for the domestic cobalt Market and increased the rising power of the domestic cobalt market.

 

time . Category specifications minimum price . Rise and fall . The highest price Rise and fall . Company

February 4 Standard grade cobalt 34.3. 0 . thirty-four point eight . 0 . USD / lb

February 4 Alloy grade cobalt . 34.3. 0 . thirty-four point eight . 0 . USD / lb

February 7 Standard grade cobalt . thirty-four point three . 0 . 34.8. 0 . USD / lb

February 7 Alloy grade cobalt . thirty-four point three . 0 . thirty-four point eight . 0 . USD / lb

February 8 Standard grade cobalt . 34.4. 0.1. 34.8. 0 . USD / lb

February 8 Alloy grade cobalt . 34.4. zero point one . 34.8. 0 USD / lb

February 9th . Standard grade cobalt 34.4. 0 . thirty-four point eight . 0 USD / lb

February 9th . Alloy grade cobalt . thirty-four point four . 0 . 34.8. 0 USD / lb

February 10th . Standard grade cobalt . 34.5. zero point one . thirty-five . zero point two . USD / lb

February 10th . Alloy grade cobalt . 34.5. 0.1. thirty-five . zero point two . USD / lb

February 11th . Standard grade cobalt . 34.5. 0 . thirty-five 0 . USD / lb

February 11th . Alloy grade cobalt . 34.5. 0 . thirty-five . 0 . USD / lb

February 14th . Standard grade cobalt . 34.6. 0.1. 35.1. zero point one . USD / lb

February 14th . Alloy grade cobalt . 34.6. zero point one . 35.1. zero point one . USD / lb

February 15th . Standard grade cobalt . 34.7. zero point one . 35.1. 0 USD / lb

February 15 Alloy grade cobalt 34.7. 0.1. 35.1. 0 . USD / lb

February 16 Standard grade cobalt 34.75. 0.05. 35.1. 0 . USD / lb

February 16th . Alloy grade cobalt . thirty-four point seven five . zero point zero five . thirty-five point one . 0 . USD / lb

February 17th . Standard grade cobalt . 34.75. 0 . thirty-five point one . 0 . USD / lb

February 17 Alloy grade cobalt 34.75. 0 thirty-five point one . 0 . USD / lb

February 18th . Standard grade cobalt . 34.95. zero point two . thirty-five point three . zero point two . USD / lb

povidone Iodine

February 18th . Alloy grade cobalt . 34.95. zero point two . thirty-five point three . 0.2. USD / lb

As can be seen from the price list of MB cobalt, the price of MB cobalt resumed rising this week, and the price of international electrolytic cobalt rose, which was good for the domestic cobalt Market and increased the rising power of the domestic cobalt market.

 

Sales of new energy vehicles exceeded expectations

 

From past experience, January is usually the off-season for the sales of new energy vehicles, and the consumption of new energy vehicles is expected to decline significantly due to the decline of subsidies in January 2022. According to the economic operation data of automobile industry in January 2022 released by China Automobile Association, in January, China’s production and sales of new energy vehicles completed 452000 and 431000 respectively, with a year-on-year increase of 1.3 times and 1.4 times respectively. The sales of new energy vehicles exceeded expectations, the demand of cobalt market increased, and the rise of cobalt price supported greatly.

 

Market Overview

 

Bai Jiaxin, a data analyst at business news agency, believes that the off-season of new energy vehicles is not light, the rising demand of cobalt Market stimulates the sharp rise of domestic cobalt price, and the sharp rise of international cobalt price is good for the domestic cobalt market. In the future, the demand growth of cobalt market exceeded expectations, the support for the rise of cobalt price increased, and the shock rise of cobalt price in the future.

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