Domestic metal cobalt market rose on September 13

On September 13, the price of metallic cobalt in the domestic non-ferrous metal spot market rose, and the average price of cobalt was 48,9750.00 yuan / ton, up 0.67% from the previous trading day.

On September 13, the domestic major manufacturers’ metal cobalt prices were 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 12th, the cobalt commodity index was 175.00, which was 2.25 points lower than yesterday, which was 26.75% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 150.57 higher than the lowest point of 69.84 on July 5, 2016. %. (Note: Period refers to 2011-09-01 to date).

On September 13, the domestic price of cobalt was down, the price of cobalt powder in Shanghai was stable, and the actual transaction price fell. On September 13, 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 13 was 457.5 tons, and the inventory increased by 12 tons. The supply of cobalt was at a high level, and the sudden drop in cobalt price suddenly stimulated the desire of downstream enterprises to purchase. On the 12th, the turnover of cobalt was increased, but the market still focused on on-demand purchase. The price of cobalt and MB in the international London LEM market rose, and the domestic market followed suit. Rising, but the overall domestic supply and demand relationship has not changed, high supply and low demand led to weak cobalt prices and increased risk of downside. 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 terms of market outlook, the increase in international cobalt prices has led to a rise in domestic cobalt prices. However, due to the absence of major changes in the supply and demand of cobalt, the overall supply of cobalt is oversupplied, cobalt prices are difficult to maintain, and domestic cobalt prices are still at risk of decline. It is expected that the price of cobalt will fluctuate and stabilize. The price of cobalt is stable.

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