On August 30, the cobalt market fell

On August 30, the domestic cobalt price fell

According to the data monitoring of the business agency, the cobalt price fell on August 30, and the cobalt market fell. On August 30, the cobalt price was 353300 yuan / ton, down 1.15% from the cobalt price of 357400 yuan / ton on the previous trading day. On August 29, the cobalt commodity index was 128.56, up 0.29 points from yesterday, down 46.19% from 238.91 points, the highest point in the cycle (2018-04-15), and up 84.08% from 69.84 points, the lowest point on July 5, 2016. (Note: the period refers to September 1, 2011 to now).

Key points of analysis

The price of cobalt in LME market rose, the price of MB cobalt surged, and the rise of international cobalt price led to the rise of domestic cobalt price; The temperature has dropped and the precipitation has increased, the power limit in Sichuan Province has expired, the start-up of cobalt salt and lithium salt industry chain enterprises has resumed, the new energy battery market has resumed, and the upward momentum of cobalt market has weakened.

Future forecast

The supply and demand of cobalt market will be balanced when the power limit expires, the international cobalt price will stabilize, and the driving force of cobalt price rise will weaken. It is expected that the high cobalt price will fall in the future.