Domestic cobalt price rose on February 10
According to the data monitoring of business agency, the domestic cobalt price rose on February 10, and the cobalt market rose slowly after the festival. On February 10, the cobalt price was 509500 yuan / ton, an increase of 3000 yuan / ton or 0.59% compared with the cobalt price of 506500 yuan / ton on February 9 of the previous trading day; After the festival, the cobalt market recovered and the cobalt price rose slowly.
Key points of analysis
The international cobalt price rises slowly, and the price difference at home and abroad is large; The national subsidy for new energy has declined by 30%, the consumption of new energy vehicles may decline, the demand growth of cobalt market slows down, the mobile phone market recovers after the festival, and the strong demand of cobalt market still exists.
Future forecast
Demand remains strong and cobalt prices are expected to rise slowly.
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