On March 31, the domestic cobalt price fell slightly
According to the data monitoring of business agency, the domestic cobalt price fell slightly on March 31, and the cobalt market fell back. On March 31, the price of cobalt was 556700 yuan / ton, down 0.11% from 557300 yuan / ton on the previous trading day; The cobalt market fell, and the cobalt price fell slightly.
Key points of analysis
The international cobalt price rises slowly, and the price difference at home and abroad still exists; The consumption of new energy vehicles decreased month on month, and the sales of mobile phones decreased significantly month on month. The epidemic affected the shutdown of Tesla in Shanghai, the installed capacity of ternary batteries decreased month on month, the demand of cobalt market was lower than expected, the rising power of cobalt Market weakened, and the downward pressure increased. The sharp decline in nickel prices dragged down cobalt prices.
Future forecast
The demand is lower than expected, the cobalt price weakens, the international cobalt price rises, and the price difference at home and abroad increases. It is expected that the cobalt price will rise after a short decline in the future market.
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