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SunSirs: Views on the Trend of Cobalt Prices on October 25
October 26 2021 09:52:32SunSirs(Linda)

Cobalt prices fell on October 25

On October 25, the domestic cobalt price fell, and the cobalt market fell. On October 25, the cobalt price was 398,400 yuan/ton, a decrease of 0.70% from the 40,1200 yuan/ton on October 22 of the previous trading day.

Cobalt market analysis

Cobalt salt prices have slowed down; the production and sales of new energy vehicles have increased, and the production and sales of ternary batteries have increased slowly, and the proportion of installed capacity of ternary batteries has decreased. rise. The strike in South Africa has a certain impact on South Africa's transportation, but the impact on the port and transportation is limited at this stage, but the continued strike is bound to have an impact on transportation, but the geometry of the impact remains to be investigated.

Market summary

In the absence of major fundamental changes in the supply and demand of the cobalt market, the price of cobalt is mainly related to cost and market outlook. At this stage, the cost of cobalt is basically stable.

Related listed companies: Huayou Cobalt (603799), Hanrui Cobalt (300618), Luoyang Molybdenum (603993).

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