Trend analysis
| Sodium Molybdate |
According to the data monitoring of the business association, the domestic cobalt price is rising after the festival, and the cobalt market is soaring. As of February 23, the cobalt price was 381333.34 yuan / ton, up 14.92% from 331833.34 yuan / ton on February 9. The cobalt price quoted by some businesses exceeded 40000 yuan / ton, and the cobalt market entered the “four times”.
MB cobalt price after the festival
Time ﹣ category ﹣ specification ﹣ lowest price ﹣ rise and fall ﹣ highest price ﹣ rise and fall ﹣ unit
February 9 ﹣ standard cobalt ﹣ 22 ﹣ 0.25 ﹣ 22.35 ﹣ 0 ﹣ USD / lb
February 9 – alloy grade cobalt 22 0.25 22.3 0 USD / lb
February 10 – standard cobalt 22.0 22.35.0 USD / lb
February 10 – alloy grade cobalt $22.0 $22.3 $0 / lb
February 11 – standard cobalt 22.25 0.25 22.75 0.4 USD / lb
February 11 – alloy grade cobalt 22.25 0.25 22.75 0.45 USD / lb
February 12 ﹣ standard cobalt ﹣ 22.5 ﹣ 0.25 ﹣ 22.75 ﹣ 0 ﹣ USD / lb
February 12 – alloy grade cobalt 22.5 0.25 22.75 0 USD / lb
February 15 ﹣ standard cobalt ﹣ 22.75 ﹣ 0.25 ﹣ 23.15 ﹣ 0.4 ﹣ USD / lb
February 15 – alloy grade cobalt 22.75 0.25 23.15 0.4 USD / pound
February 16 ﹣ standard cobalt ﹣ 22.25 ﹣ 23.15 ﹣ 0 ﹣ USD / lb
February 16 – alloy grade cobalt 22.25-23.15-0 USD / lb
February 17 ﹣ standard cobalt ﹣ 22.9 ﹣ 0.15 ﹣ 23.35 ﹣ 0.2 ﹣ USD / lb
February 17 – alloy grade cobalt 23 0.25 23.7 0.55 USD / lb
February 18 ﹣ standard cobalt ﹣ 22.95 ﹣ 0.05 ﹣ 23.75 ﹣ 0.4 ﹣ USD / lb
February 18 – alloy grade cobalt 23.0 23.7 0 USD / lb
February 19 – standard cobalt 23 0.05 23.75 0 USD / lb
February 19 – alloy grade cobalt 23 0 23.75 0.05 USD / lb
February 22 – standard cobalt 23.5-0.5-24-0.25 USD / lb
February 22 – alloy grade cobalt 23.5-0.5-24-0.25 USD / lb
It can be seen from the price list of MB cobalt that since the Spring Festival, the quotation of MB standard grade cobalt has increased from $22-22.35/pound on February 10 to $23.5-24/pound on February 22; the quotation of alloy grade cobalt has increased from $22-22.3/pound on February 10 to $23.5-24/pound on February 22. The sharp rise of international cobalt price stimulates the rise of domestic cobalt price, and the rising power of domestic cobalt market increases.
General rise of nonferrous plate drives cobalt market up
It can be seen from the bar chart of the nonferrous metal index of the business association that the nonferrous metal index rose sharply after the festival, and the market of nonferrous metal plate rose generally, which led to the rise of cobalt price.
High nickel price inhibits cobalt free battery
As can be seen from the monthly K-bar chart of nickel price of the business community, except for the first quarter of 2020 when the nickel price was affected by the epidemic, the nickel price rose generally in the second, third and fourth quarters. In 2020, the nickel price rose by 12.66%, compared with the cobalt price rose by 2.31% in the same period. The nickel price rose significantly, and the rising nickel price increased the cost of cobalt free ternary battery, which was less than expected in the market With the increase of expectation, the rising power of cobalt price increases.
Market Overview
Bai Jiaxin, data analyst of business news agency, believes that the general rise of nonferrous plate drives the rise of cobalt market, and the sharp rise of international cobalt price stimulates the further rise of domestic cobalt price. In February, cobalt price ushered in a small peak and entered the four times of cobalt market. In the long run, 3C businesses such as new energy vehicles and mobile phones are prominent, and there is sufficient demand in the cobalt market. However, the promotion of cobalt free batteries is less than expected, and the demand in the cobalt market is expected to increase. On the supply side, Africa is affected by the epidemic, and the supply is limited, so the risk of insufficient supply is high, and the risk of insufficient supply is high Cobalt market has sufficient momentum to rise. There is a huge room for cobalt price to rise. Generally speaking, the risk of short-term cobalt price decline is large, and the long-term cobalt market has sufficient momentum. Cobalt – worth long-term possession.
| Melamine |