On November 10, the domestic cobalt price rose
According to the data monitoring of business agency, the domestic cobalt price rose on November 10, and the cobalt market recovered. On November 10, the cobalt price was 423900.00 yuan / ton, an increase of 1.12% over the cobalt price of 419200.00 yuan / ton on the previous trading day (November 9).
Cobalt Market Analysis
Category specification minimum price Rise and fall Highest price Rise and fall Company
Standard grade cobalt twenty-eight point seven five zero point three five twenty-nine zero point one USD / lb
Alloy grade cobalt twenty-eight point seven five zero point three five twenty-nine zero point one USD / lb
Domestic cobalt salt prices rose slowly; The production and sales of new energy vehicles increased, the production and sales of ternary batteries increased significantly month on month, and the installed proportion of ternary batteries decreased month on month; New energy vehicle enterprises increase orders for lithium batteries, and ternary batteries are expected to break out in 22 years. Rising international cobalt prices; International electricity price and energy price rise, and cobalt mining and transportation costs rise; The rising momentum of cobalt market increased.
Market Overview
Bai Jiaxin, a data analyst of business society, believes that the supply and demand balance of cobalt market is still in progress, there is more rational investment in cobalt market, and there is no room for the sharp rise and fall of cobalt price. The sales volume of new energy vehicles is expected to break out in 22 years. Car enterprises Book lithium battery orders in advance, and the demand of cobalt market may break out in advance. The rising power of cobalt price is large, and the future cobalt price is expected to rise.
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