The domestic cobalt price fell on September 15

According to the data monitoring of the business community, the cobalt price fell on September 15, and the cobalt market fell back. On September 15, the cobalt price was 345600 yuan/ton, down 0.06% from 345800 yuan/ton on the previous trading day. On September 15, the cobalt commodity index was 124.32, down 0.07 points from yesterday, down 47.96% from the cycle’s highest point of 238.91 (2018-04-15), and up 78.01% from the lowest point of 69.84 on July 5, 2016. (Note: the cycle refers to 2011-09-01 to now).

Key points of analysis

The LME market cobalt price has stabilized, MB cobalt price has risen slightly, and the international cobalt price has risen 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 in succession, and the upward momentum of the cobalt market weakened and downward pressure remained.

Future market forecast

The supply and demand of the cobalt market recovered balance when the power limit expired, the international cobalt price rose slowly, the cobalt salt price trend became stable, the support for the early cobalt price rise was no longer, the cobalt price fell slightly, and it is expected that the future cobalt price will become stable due to shocks.