View on cobalt price trend on September 22

Domestic cobalt prices rose on September 22

According to the data monitoring of business agency, the domestic cobalt price rose on September 22, and the domestic cobalt market recovered. On September 22, the cobalt price was 377600.00 yuan / ton, up 0.75% from 374800.00 yuan / ton on September 17 of the previous trading day.

Summary of cobalt Market

Cobalt salt price rise; The production and sales of new energy vehicles rose slowly, the growth of production and sales of ternary batteries slowed down, and the installed capacity decreased month on month; Global mobile phone sales rose and international cobalt prices rose; The overall rising momentum of cobalt market is strong, which stimulates the rise of domestic cobalt market.

Market Overview

Bai Jiaxin, a data analyst of business agency, believes that the international cobalt price rose on September 22, the international cobalt market recovered, the cobalt salt price continued to rise, the downward pressure on the domestic cobalt Market weakened, and the overall cobalt market recovered. The sharp rise in international cobalt prices on September 22 stimulated the resumption of domestic cobalt prices. It is expected that the cobalt market will fluctuate and rise in the future.