Recovery of cobalt Market
According to the data monitoring of business news agency, the domestic cobalt market rebounded from the bottom in May, and the cobalt price rose slightly. As of May 17, the price of cobalt was 353000.00 yuan / ton, up 2.32% from 345000.00 yuan / ton at the beginning of the month (May 1); Compared with the cobalt price of 341666.66 yuan / ton on May 7, the price increased by 3.32%. Cobalt price bottomed out and rebounded.
Domestic mobile phone market
According to the data released by China Academy of information technology, from January to April 2021, the total domestic mobile phone market shipment reached 125 million units, a year-on-year increase of 38.4%. The domestic mobile phone market rose sharply, but compared with the sharp rise of 92.8%, 240.9% and 65.9% in the first three months, the overall domestic mobile phone shipment turned to a year-on-year decline of 34.1% in April. Although we bid farewell to the growth of shipment volume, the proportion of 5g mobile phone shipment volume still increased steadily, reaching a new high of 77.9% in April. In the first quarter of 2021, the domestic smartphone shipment has increased. In the first quarter of 2020, China is in the period of strictly controlling the epidemic situation. In April 2020, there will be a retaliatory rebound in mobile phone consumption. The decline of smart phones in April 2021 is more a reflection of the slowdown in consumer demand. In the future, the sales of mobile phones slowed down, the demand of cobalt Market decreased, and the rising power of cobalt Market weakened.
Global mobile phone sales pick up
According to the report of global mobile phone shipment volume in the first quarter of 2021 released by strategy analytics, a statistical agency, the global smart phone shipment volume in the first quarter of 2021 was 340 million, an increase of 24% over the same period last year, reaching a new high since 2015. According to the data released by DIGITIMES research, the global smartphone shipment in 2020 will be 1.24 billion units, 8.8% lower than that in 2019. In the first quarter of 2021, the sales volume increased greatly, mainly due to the healthy demand momentum and the strong promotion of 5g by Chinese manufacturers. However, the mobile phone market in the future is affected by the epidemic situation in India, and the sales volume of the mobile phone market in the first quarter of 2020 will drop sharply due to the epidemic situation. The growth of the mobile phone market is limited, and the driving force of the sales volume of the mobile phone market in the future is limited.
Market Overview
Bai Jiaxin, a data analyst at business news agency, believes that mobile phone sales rose sharply in the first quarter, and domestic cobalt market demand rose, stimulating domestic cobalt prices to rise. However, the growth momentum of mobile phone market in the future is insufficient. It is expected that the demand of cobalt market will decline in the future. The rising momentum of cobalt market is insufficient, and the downward pressure still exists. Cobalt price is expected to rebound slightly in the future.
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