Trend analysis
| ferric sulfate (Poly ferric sulphate) |
According to the monitoring data of the business agency, the cobalt price rose in July, and the cobalt market rose sharply since last week, and the cobalt price rose sharply for two consecutive trading days this week. As of July 28, the average price of cobalt was 269666.66 yuan / ton, up 9.25% from 246833.33 yuan / ton on July 20, and 7.29% higher than the average price of 251333.33 yuan / ton at the end of last week (July 26). The price of cobalt is soaring, and the cobalt market is booming again.
Non ferrous metal plate index
According to the statistics of business agency index, the nonferrous metal plate has been rising slowly since April. Since July, the nonferrous metal plate has risen in a straight line, and the market performance of the nonferrous metal plate is strong. Spot market nonferrous plate performance “positive heat”, good for cobalt market.
Capital flow of nonferrous metals
Stock market non ferrous metal plate up and down
Plate name: Rise and fall range, turnover rate, number of winners and losers
Non ferrous metals: 1.96% 3.20% 56.16
According to the statistics of capital flow in Shanghai and Shenzhen stock markets, it can be seen that in recent 10 days, the capital flow of non-ferrous metal plate was active, the market hot money flow stimulated the cobalt market greatly, and the market bullish mentality was prominent. The non-ferrous plate of the stock market increased significantly, and the turnover was frequent, and the heat of the non-ferrous plate in the stock market was booming.
European new energy vehicle policy stimulates sales
During the epidemic period, European countries introduced economic stimulus policies for electric vehicles. In May, France announced an 8 billion automobile industry support plan to increase the amount of subsidy for bicycles; in June, Germany launched an economic stimulus plan of 130 billion yuan to increase the amount of subsidy for bicycles again; Greece and Spain issued subsidy plans for new energy vehicles; and in July, the Netherlands issued a subsidy plan for electric vehicles, which will last until 2025. Affected by policy stimulus, European sales doubled year on year in June, and monthly sales exceeded the pre epidemic level. In June, 81000 new energy vehicles were registered in 10 European countries, with a year-on-year increase of 96%. Among them, the sales of electric vehicles in Germany in June was 19000, with a year-on-year increase of 115% and a month on month increase of 51%; in France, 21000 vehicles were sold in June, with a year-on-year increase of 259% and a month on month rise of 193%; in June, the sales volume of 14000 vehicles in Britain increased by 261% year-on-year and 331% month on month. The sales of new energy vehicles increased greatly, which stimulated the cobalt market. Cobalt market rising momentum increased.
| Benzalkonium chloride |
Market Overview
Bai Jiaxin, a data analyst at the business agency, believes that after the epidemic, with the recovery of the domestic economic environment, the production and sales of new energy vehicles and mobile phones in China have gradually recovered; while in the international market, in order to stimulate the economy, many governments have introduced economic stimulus policies. European markets are stimulated by policies, and the production and sales of new energy vehicles have increased greatly, which is good for the future market of cobalt market. Recently, the non-ferrous metal trading in the stock market has been active, and the non-ferrous plate in the spot market has increased significantly. Hot money from the market has entered the non-ferrous metal market. The bullish mentality of the non-ferrous plate is highlighted. As a small metal product, cobalt is easy to be concerned by hot money, which sets off a new wave of investment boom. Under the stimulation of good news, the cobalt price may hit a short-term peak, but the overall supply and demand of the cobalt market is not unbalanced. The rising support of the cobalt Market at the supply and demand side is insufficient, and the cobalt price is difficult to impact the 300000 peak in the short term.
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