Domestic cobalt prices rose on December 9
According to the data monitoring of business agency, the domestic cobalt price rose sharply on December 9, and the cobalt market rose. On December 9, the cobalt price was 476300 yuan / ton, up 1.10% from 471100 yuan / ton on the previous trading day (December 8); Cobalt prices rose continuously.
Decrease in import of cobalt raw materials
The international price of electrolytic cobalt continued to rise, and the price difference at home and abroad widened. In October, the import volume of cobalt intermediate products fell sharply, and the import volume of electrolytic cobalt decreased sharply. Overseas gradually enters the New Year holiday, and the port shipping schedule may be delayed. Cobalt raw material suppliers and smelters feed back that the shipping schedule uncertainty will continue until at least the first quarter of 2022. In addition, the epidemic in South Africa affects cobalt ore transportation, and there may be a short shortage of supply in the domestic cobalt market.
Market Overview
According to the data analysts of business news agency, the import of cobalt raw materials decreased, the participation in shipping was limited, and the shortage of domestic cobalt raw material inventory continued. The basic orientation of international electrolytic cobalt is good, the price is rising, and the rising support of cobalt market continues; In December, the downstream of battery materials mainly focused on the inventory reduction strategy, the domestic demand was relatively light, and the market transactions were sporadic. Generally speaking, the recent limited supply has stimulated the sharp rise of cobalt price, and the rise of international cobalt price has led to the rise of domestic cobalt market. However, the demand of domestic cobalt market is relatively cold, and the rise space of cobalt market is limited. Cobalt prices are expected to rise in the future, but the rising space is limited.
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