Domestic metal cobalt market fell on September 12

On September 12, the price of metallic cobalt in the domestic non-ferrous metal spot market fell, and the average price of cobalt was 48,5600.00 yuan / ton, down 1.27% from the previous trading day.

On September 12th, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 11th, the cobalt commodity index was 177.25, which was 1.17 points higher than yesterday, which was 25.81% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 153.79 higher than the lowest point of 69.84 on July 5, 2016. %. (Note: Period refers to 2011-09-01 to date).

On September 12, the domestic price of cobalt was down, the price of cobalt powder in Shanghai was stable, and the actual transaction price fell. On September 12, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 472,000-496,000 yuan/ton, the price of cobalt was stable, and the inventory on September 12 was 445.5 tons, and the inventory decreased by 186.5 tons. The supply of cobalt is at a high level, and the downstream enterprises are purchasing on demand, but the market is still dominated by the wait-and-see. The cobalt price in the international market has fallen, causing the domestic market to follow suit. The high supply and low demand have caused the cobalt price to rise and the risk of decline has increased. However, due to the high price of the international cobalt mine in the previous period, the import cost of cobalt mine is relatively high, and the space for cobalt price decline is limited.

In the market outlook, the international cobalt price fell, causing the domestic cobalt price to follow the trend. However, due to the lack of major changes in the supply and demand of the cobalt market, the overall supply of cobalt was oversupplied, the cobalt price was difficult to maintain, and the domestic cobalt price still had a downside risk. It is expected that the cobalt price in the market will fluctuate and stabilize. Cobalt prices have stabilized after falling slightly.

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