1、 Trend analysis
According to the data monitoring of the business agency, this week’s Cobalt market fell in shock, breaking the stable trend of the cobalt market since April, and the cobalt price fell in shock. As of April 24, the price of cobalt was 239333.33 yuan / ton, down 3.10% from the average price of 247000.00 yuan / ton at the beginning of the week.
| Gamma-PGA (gamma polyglutamic acid) |
2、 Market situation
Demand overview
The demand market for cobalt lithium battery is mainly divided into mobile phone consumption and new energy vehicle demand. In terms of the demand for mobile phones, domestic mobile phone manufacturers have basically resumed operation, but the operation rate is not ideal. Affected by the epidemic, the import and export of countries around the world are limited. Most enterprises in the consumer market and power market have stopped production, which greatly reduces the demand for mobile phones and the demand for lithium batteries. In April, export orders of some battery factories will drop sharply, production of battery factories will be reduced, and their demand for cobalt materials will be relatively reduced.
In terms of new energy vehicle market, only some battery factories in China will export to foreign vehicle enterprises, while other power battery factories are mainly in domestic market. However, the consumption of new energy vehicles in the domestic market was freezing, and the demand for cobalt fell to a low level. The demand of cobalt market is decreasing, which is bad for cobalt market.
| Chitosan oligosaccharide |
Cobalt Market Stock
Inventory date item inventory unit
891.75 tons of cobalt 2020-4-27
2020-4-24 cobalt 894.75 tons
765.75 tons of cobalt 2020-4-23
769 tons of cobalt 2020-4-22
2020-4-21 cobalt 772.25 tons
777.75 tons of cobalt 2020-4-20
It can be seen from the table that the stock volume of cobalt market this week rose sharply, and a large amount of cobalt stock entered the market. The supply of cobalt market increased greatly, the price of cobalt was negative, and the downward pressure of cobalt market increased.
3、 Future prospects
Bai Jiaxin, a data analyst at business club, believes that the demand for cobalt market this week continues to be sluggish, but in terms of supply, a large number of cobalt warehouses are deposited in the market, the supply of cobalt market is increasing, the demand is sluggish, and the bad situation of cobalt market is increasing, with Limited good. On the whole, the recent weak cobalt market has not enough power to rise, but due to the low cobalt price, the risk of cobalt price decline is low. Cobalt market is expected to remain stable.
| Sodium Molybdate |