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SunSirs: Views on the Trend of Cobalt Prices on March 14
March 15 2022 09:36:38SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the domestic cobalt price rose on March 14, and the cobalt market rose. On March 14, the cobalt price was 568,500 RMB/ton, an increase of 0.71% from the previous trading day's cobalt price of 564,500 RMB/ton; the cobalt market rose, and the cobalt price rose slightly.

Analysis review

The rise of international cobalt prices has slowed down, and the price difference between domestic and foreign markets still exists; the consumption of new energy vehicles has increased, the sales of new energy vehicles have declined month-on-month, the growth rate of demand in the cobalt market has dropped. The output of ternary batteries has increased year-on-year, the demand in the cobalt market is strong, and the upward momentum of the cobalt market still exists. The price of cobalt has risen too fast, and in the future, the price of cobalt still has the risk of falling.

Market outlook

The demand is high, cobalt prices are rising, the price difference between domestic and foreign cobalt prices still exists, cobalt prices are rising too fast, and the risk of falling is still there. It is expected that cobalt prices will fluctuate to rise slightly in the future.

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