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.

Price list of magnesium ingots on September 9

Market analysis

According to the data monitoring of business agency, 99.9% of the factory price including tax in mainstream areas was 44000 yuan / ton on the 9th, up 2.33% from a year ago. Recently, the quotation is mainly stable.

After the opening of the market after the festival, the market price of magnesium ingots remained stable, but the terminals are still on holiday, and the overall market demand has not been released, which needs to be further followed up by the market. Most magnesium factories are still completing the orders before the festival, and the quotation is more firm and close to 42000-44000 yuan / ton. Considering the lack of rising power in the early stage of resumption of work and the fact that the previous environmental protection policies have not yet issued detailed rules, Insiders believe that the recent market is dominated by steady-state operation.

1、 Trend analysis

As shown in the figure above, copper prices fell slightly on the 8th, with the spot price of 70765 yuan / ton, down 0.52% from the previous day and up 1.19% from the beginning of the year. Since the beginning of this year, copper prices have mainly fluctuated in a narrow range.

Previously, the downward adjustment of the US dollar index weakened the pressure on the metal and stabilized recently. There is no obvious driving force on the fundamentals, the overall supply and demand are weak, and the price fluctuates in the range. At present, the macro situation has improved and the domestic interest rate has been reduced. In the past half month, LME copper inventory has continued to decline, falling to around 80000 tons, and the US dollar is still weak. It is expected that the copper price will maintain the range fluctuation.

Product Name: phosphate rock

Latest price (February 7): 700 yuan / ton

Key points of analysis: according to the data monitoring chart of the business agency, on February 7, the domestic phosphorus ore market was temporarily and stably sorted and operated. The average market price of 30% grade phosphorus ore in China was 700 yuan / ton, which was basically the same as that of the previous working day. On the 7th, after the Spring Festival, mining enterprises in some parts of China resumed construction one after another, and the market on the site was temporarily stable and changed significantly. The quotation of 30% grade phosphate rock freight plant in Guizhou is around 660-680 yuan / ton, the price of 28% grade phosphate rock freight plant is around 580-630 yuan / ton, the quotation of 30% grade phosphate rock freight plant in Guangxi is around 630-680 yuan / ton, and the price of 28% grade phosphate rock freight plant is around 570-630 yuan / ton.

Future forecast: at present, the market fluctuation of domestic phosphorus ore mines is limited. Phosphorus ore analysts of business society believe that in the short term, most of the domestic phosphorus ore market will continue to operate stably, and more attention needs to be paid to the news changes of supply and demand.

Trade name: polyaluminium chloride

Latest price (January 27): 2507.5 yuan / ton

Market analysis: according to the monitoring data of business society, the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminium chloride on January 27, 2022 is 2507.5 yuan / ton. At present, the national water treatment manufacturers have basically entered the state of Spring Festival holiday, with sufficient inventory and almost static demand and transaction.

Future forecast: the domestic market of raw hydrochloric acid fluctuates slightly in the near future, there is little demand for water treatment products downstream, logistics is shut down, downstream enterprises start rarely during holidays, and the polyaluminium chloride market continues to be cold.