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company news about At the beginning of the year, the import of cobalt raw materials decreased, the inventory of producers was tight, and the price of electrolytic cobalt may continue to rise

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At the beginning of the year, the import of cobalt raw materials decreased, the inventory of producers was tight, and the price of electrolytic cobalt may continue to rise
Latest company news about At the beginning of the year, the import of cobalt raw materials decreased, the inventory of producers was tight, and the price of electrolytic cobalt may continue to rise

 

Recently, the price of electrolytic cobalt has risen, especially the futures price, which may be mainly caused by the intervention of traders and capital, short-term bullish speculation.

 

Since December 22, 2020, the price of electrolytic cobalt has been rising. As of today, the average price of electrolytic cobalt is 280000 yuan / ton, a new high since late March 2019, up 6% compared with December 22, 2020.

 

Recently, the price of electrolytic cobalt has risen, especially the futures price, which may be mainly caused by the intervention of traders and capital, short-term bullish speculation.

 

At present, the epidemic situation in South Africa is still grim, the number of new coronavirus infections continues to increase, the local media said that South Africa's medical system is tottering under the impact of the second epidemic, the market's worry about the supply of cobalt raw materials has increased, and the import of cobalt raw materials from January to February has decreased, so we still need to pay attention to the development of the epidemic situation in South Africa. At present, due to the purchase and storage news to stimulate the market, domestic electrolytic cobalt inventory is gradually digested, manufacturers are short of inventory, quotation is high, traders' prices are bullish, and the spot transaction price of electrolytic cobalt may continue to rise.

 

The core of short-term price recovery is driven by the demand side, and the impact of the epidemic on the supply side is not a key factor from the last round of industries from July to August. Next year, considering the demand recovery and the rise of MB cobalt price, it is more certain that the cobalt price will rise in 2021, but there are still some risks in the current price rise. With the improvement of demand side and the upward trend of MB cobalt price, we maintain our previous judgment that cobalt price is expected to continue to rise in 2021.

 

The market sentiment of cobalt industry chain is turning, and the price is at an important turning point. The incremental capital will boost the explosive growth of demand for battery materials such as cobalt lithium, which will add up to the booming production and sales of downstream new energy vehicles. The demand for battery materials will be good, and the price rise of electrolytic cobalt is expected to continue.

Pub Time : 2021-01-07 18:45:26 >> News list
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