SunSirs: Insufficient Growth in the Cobalt Market, Cobalt Prices in the Chinese Market Fell Slightly
September 08 2021 08:41:45 SunSirs (Linda)
Domestic cobalt prices fell slightly in September
In September, the domestic cobalt price rose slightly and then fell back, and the cobalt market did not rise well. The cobalt price on September 7 was 364,333.34 yuan/ton, which was lower than the previous trading day’s September 6 cobalt price of 375666.66 yuan/ton, and the cobalt price fell by 0.35%; compared with September 1, the cobalt price was 369000.00 yuan/ton, or 1.45% higher.
International cobalt prices have fallen again
From the data released by the LME market, it can be seen that in September, the LME cobalt price rebounded slightly, and the international cobalt market rebounded. On September 6, the cobalt price fell slightly, and the cobalt market's upward momentum was insufficient. The international cobalt market lacked support, and the domestic cobalt market declined accordingly.
Market summary
The cobalt market rebounded slightly in September, but with the recovery of South African port transportation, the supply of cobalt in the cobalt market was normal, and the cobalt market's rise was insufficiently supported, and the cobalt price fell slightly.
Related listed companies: Huayou Cobalt (603799), Hanrui Cobalt (300618), Luoyang Molybdenum (603993).
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