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SunSirs: International Cobalt Market Fluctuated and Adjusted Last Week, and Cobalt Prices first Fell and then Rose

September 28 2020 07:45:43     SunSirs (Linda)

1. Trend analysis

According to SunSirs data monitoring, the cobalt price first fell and then rose this week, and the cobalt market was weakly adjusted. As of September 27, the cobalt price was 275,166.66 yuan/ton, a decrease of 276,166.66 yuan/ton from last weekend (September 20), a decrease of 0.36%.

2. Cobalt price in LME market

It can be seen from the trend of the cobalt price in the LME market that the cobalt price in the LME market first fell and then rose. The overall international cobalt market is weakly adjusted, the international cobalt market is negative, and the domestic cobalt market is under increasing downward pressure.

It can be seen from the MB market price that the cobalt price in the MB market has risen slightly, and the increase in international cobalt prices is positive for the domestic cobalt market, and the domestic cobalt market has increased momentum.

3. Market summary

SunSirs data analysts believe that the international cobalt market fluctuated and adjusted, and the international cobalt price first fell and then rose. The overall international cobalt market weakened, which was negative for the domestic cobalt market. Generally speaking, the cobalt market lacks upward momentum in the market outlook, and downward pressure still exists. The domestic cobalt market is weak, and the cobalt price remains weak in the market outlook to maintain stability.

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

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