On February 7, domestic cobalt prices rose, and the cobalt market rose slowly. On February 7, the cobalt price was 505,400 yuan/ton, an increase of 3,000 yuan/ton, or 0.60%, compared with the pre-holiday cobalt price of 502,400 yuan/ton; after the festival, the cobalt market recovered, and the cobalt price rose slowly.

Analysis points

The international cobalt price has risen, and the price difference at home and abroad has increased; the new energy state subsidies have declined by 30%, the growth of new energy vehicle consumption may decline, the growth of cobalt market demand has slowed down, the mobile phone market has recovered after the holiday, and the cobalt market demand remains strong .

Market outlook

Demand grows and cobalt prices are expected to rise.

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

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