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SunSirs: Views on the Trend of Cobalt Prices on August 9
August 10 2022 10:20:50SunSirs(John)

Price trend

According to the data monitoring of SunSirs, cobalt prices rebounded and rose on August 9, and the cobalt market rose. On August 9, the cobalt price was 345,300 RMB/ton, an increase of 8.89% from the previous trading day's cobalt price of 317,100 RMB/ton. On August 9, cobalt prices stopped falling and rose, and the cobalt market recovered.

Analysis review

The cobalt price in the LME market fluctuated and fell, the MB cobalt price rebounded and rose, and the international cobalt price rose and recovered.

The installed capacity of ternary batteries rose, the sales of new energy vehicles rose, and the sales of mobile phones fell sharply, and the demand in the cobalt market was stable.

The price of cobalt salt fell, and the downward pressure on metal cobalt remained.

Market outlook

Demand has risen, the market of the cobalt industry chain has risen, and the downward pressure on cobalt prices is still there. It is expected that the cobalt price will fluctuate weakly and stabilize in the future.

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