SunSirs: The Cobalt Market Fell on September 15
September 16 2022 15:44:12 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the cobalt price fell on September 15, and the cobalt market fell back. On September 15, the cobalt price was 345,600 RMB/ton, down 0.06% from 345,800 RMB/ton on the previous trading day.
On September 15, the cobalt commodity index was 124.32, down 0.07 points from previous day, down 47.96% from the cycle's highest point of 238.91 points (2018-04-15), and up 78.01% from the lowest point of 69.84 points on July 5, 2016. (Note: the cycle refers to 2011-09-01 to now).
Analysis review
Cobalt prices in LME market stabilized, MB cobalt prices rose slightly in shock, and international cobalt prices rose slightly. After the end of power rationing in Sichuan Province, the cobalt salt and lithium salt industry chain enterprises started to recover, the cobalt salt price became strong and stable, the supply and demand of the new energy battery market recovered, the upward momentum of the cobalt market weakened, and the downward pressure remained.
Market outlook
The power limit expired, the supply and demand of the cobalt market recovered balance, the rise of the international cobalt price slowed down, the trend of the cobalt salt price became stable, the support for the early cobalt price rise was no longer there, and the cobalt price fell slightly. It is expected that the cobalt price will stabilize in shock in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-16 SunSirs: The Proportion of Installed Ternary Batteries Had Decreased, and Cobalt Prices Fell Again This Week
- 2024-04-10 SunSirs: Supported by the Positive News in the New Energy Vehicle Market, Cobalt Prices Stopped Falling and Stabilized This Week
- 2024-02-28 SunSirs: Supply Reduced and Demand Increased, Cobalt Prices Stopped Falling and Rebounded in February
- 2024-02-21 SunSirs: The Resumption of Work and Production Was not Satisfactory, and Cobalt Prices Fluctuated and Fell after the Holiday
- 2024-02-20 SunSirs: Summary of Domestic Cobalt Market Trends on February 19th
