Trend analysis
| ferric sulfate (Poly ferric sulphate) |
According to the data of the business agency, the cobalt price has risen sharply since the end of July, and the cobalt price continued to rise sharply in August. As of August 4, the average price of cobalt was 284833.34 yuan / ton, up 15.40% from the average price of 246833.33 yuan / ton on July 20, and 16.89% higher than the average price of 2243666.67 yuan / ton at the beginning of July (July 1). Since the late July, the price of cobalt has soared, and the rising trend has continued in August, and the cobalt price has broken through the 300000 yuan / ton mark again on August 4.
The outbreak in Africa
According to the statistics of the African Center for Disease Control and prevention, as of 12:00, August 3, Eastern African time, the cumulative number of new coronal confirmed cases in Africa approached the million mark, reaching 957035. According to the data released by the Ministry of health of South Africa, as of August 3, the total number of confirmed cases in South Africa has reached 516862, ranking the fifth in the world. The outbreak of the epidemic in Africa has increased the supply risk of cobalt ore, and the cobalt ore in the DRC is mostly transported through South Africa. The epidemic situation in South Africa will also affect the cobalt ore transportation, and the driving force of cobalt price rising in the future will be increased.
| Azodicarbonamide (AC foaming Agent) |
Market Overview
According to Bai Jiaxin, a data analyst at the business agency, since the end of July, due to the impact of the epidemic risk in Africa, the supply of cobalt ore is expected to decline, which is beneficial to the cobalt market, and the cobalt price rises rapidly. The high cobalt price in August has broken through the 300000 yuan mark. From the perspective of supply and demand, the domestic demand market has gradually recovered, the production and sales of new energy vehicles have basically recovered to the same period in previous years, and the production and sales of domestic mobile phones have also greatly recovered. 5g mobile phones have increased significantly. Although the demand of cobalt market has declined compared with the same period of previous years, it has increased significantly compared with the cobalt Market during the epidemic period. The overall demand of cobalt market meets the market expectation, and the cobalt market has obvious advantages The growth of energy vehicles is obvious, and the demand for cobalt market is increasing. However, the global mobile phone market is cold and the demand for cobalt market is bleak. The overall global demand for cobalt market has declined significantly, which puts a negative pressure on the cobalt market. In terms of supply, with the resumption of work and production in Africa, the outbreak again affected the supply and transportation of cobalt ore in the future market, and greatly stimulated the rise of cobalt price. However, it is not clear at this stage how much impact the epidemic situation has on the resumption of production in African countries. The supply risk of cobalt ore in the aftermarket is uncertain, and the logic of cobalt supply reduction supporting cobalt price cannot be satisfied. The support uncertainty of future cobalt price rise is large, and the risk of future cobalt market remains. More attention should be paid to the epidemic situation in Africa and the response measures of various countries to the epidemic situation, which may determine the future trend of cobalt price.
| povidone Iodine |