The rise of cobalt price slowed down in January

According to the data monitoring of business society, the domestic cobalt price stabilized after a slight rise in January, and the cobalt market was blocked in entering the 5 era. As of January 18, the average cobalt price was 499100 yuan / ton, up 1.36% from the average cobalt price of 492400 yuan / ton on January 1. It can be seen from the weekly histogram of cobalt price rise and fall of business society that the cobalt price rose by 1.14% in the first week of January and only 0.02% in the second week. The rise of cobalt price slowed down, the high falling risk of cobalt price was high, and the breaking of cobalt price was blocked.

The international cobalt price fell slightly

As can be seen from the trend chart of LME cobalt price, the LME cobalt price fell slightly in January, the high price of electrolytic cobalt fell, and the rising power of domestic cobalt Market weakened.

Market Overview

Bai Jiaxin, a data analyst at the business society, believes that the subsidy for new energy vehicles has declined, the sales volume of new energy vehicles may decline, the sales of mobile phones have increased continuously, and there is a tendency to take off. The demand growth of cobalt market slows down. The Spring Festival is approaching, downstream customers are facing holiday shutdown, and the demand growth of cobalt market is limited in January; On the supply side, the supply of cobalt raw materials returned to normal, and the supply of cobalt market increased. Overall, the supply of cobalt recovered, the demand was high but the growth was limited, the pressure of cobalt price breaking 5 was great, and the high shock of cobalt price before the festival is expected to stabilize.