Domestic cobalt prices stopped falling and rebounded

According to the data monitoring of business agency, the domestic cobalt price stopped falling and rebounded on September 17, and the domestic cobalt market recovered. On September 17, the cobalt price was 374800.00 yuan / ton, an increase of 1000 yuan / ton or 0.27% compared with the cobalt price of 373800.00 yuan / ton on September 16 of the previous trading day; Compared with the cobalt price of 379666.67 yuan / ton on September 13, it decreased by 1.28%. Domestic cobalt prices stopped falling and picked up over the weekend.

On September 17, the international cobalt price rose sharply

Category specification minimum price Rise and fall Highest price Rise and fall Company

Standard grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb

Alloy grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb

It can be seen from the data released by LME market that the closing price of LME cobalt rose sharply on September 17, and the international cobalt market recovered, which was good for the domestic cobalt market. As can be seen from the trend of MB cobalt price, the price of MB cobalt rose on September 17, and the international cobalt market rose, which was good for the domestic cobalt market. Overall, the rise of the international cobalt Market stimulated the recovery of the domestic cobalt market.

Market Overview

Bai Jiaxin, a data analyst of business agency, believes that the international cobalt price rose on September 17, and the international cobalt market recovered, stimulating the recovery of the domestic cobalt market. This week, the cobalt salt price stopped falling and picked up, the cobalt salt market warmed up this week, the downward pressure on the domestic cobalt Market weakened, and the overall market recovered. The sharp rise of international cobalt price on September 17 stimulated the re rise of domestic cobalt price.