On August 9th, 2018, there were 0 kinds of commodities that rose in the price list of the fluorine chemical industry, and there were 2 kinds of commodities falling, and 3 kinds of commodities with a rise and fall of 0. The main commodities that fell were: aluminum fluoride (dry method) (-0.77%) and cryolite (-0.43%).

On the 9th, the market for fluorine chemical raw materials was temporarily stabilized. The price of raw fluorite was 2670 yuan/ton. Recently, the domestic maintenance equipment was partially restarted. The mines and flotation devices were started. The supply of fluorite in the market increased relatively, and the price of fluorite remained. Weak. The installation of equipment in the southern fluorite market has also improved, the supply of fluorite in the market has increased, and the price of fluorite in the southern region has declined slightly. As of the 9th, the price of fluorite in Inner Mongolia is 2600-2700 yuan/ton, the mainstream of fluorite in Fujian is 2600-2700 yuan/ton, the price of fluorite in Henan is 2600-2700 yuan/ton, and the price of fluorite in Jiangxi is 2600-2700 yuan / ton, fluorite prices fell slightly. In addition, the recent downstream refrigerant industry has a price reduction demand, the price of hydrofluoric acid market has declined. As of the 9th, the market price of hydrofluoric acid is 10,866.67 yuan / ton. Recently, the price trend of hydrofluoric acid market has declined slightly. The domestic hydrofluoric acid operating rate is 7 In the right and left, the company reflects that the current supply of hydrofluoric acid in the market is sufficient. In the near future, the market has weakened. Some manufacturers have seen a slight decline in ex-factory prices. As of now, the mainstream of hydrofluoric acid in the southern region is 10,500 yuan/ton. The market price of hydrofluoric acid is 10,500-11,000 yuan / ton, and the market of hydrofluoric acid market has a downward trend. It is expected that the fluorine chemical industry will decline slightly in the later period.

According to the nickel price monitoring of the business community, the spot price of nickel on August 8 was 114,318.75 yuan / ton, up 0.9% from the previous day, rising 3.16% for two consecutive days, up 35.61% year-on-year.

On the macro level, US employment growth slowed in July, and the US dollar fell 0.3% overnight, hitting the biggest drop in a week to help support metal prices. In terms of output: in July, the natural monthly output of electrolytic nickel in China was 12,400 tons, a decrease of 9.69% year-on-year. The cumulative output from January to July was 83,700 tons, a year-on-year decrease of 8.30%. In July, the national output of electrolytic nickel increased by 4.72% from June, as the electrolytic nickel resumed profitability, and manufacturers in southern China resumed the increase in the contribution of some electrolytic nickel production and natural days. Although nickel prices have risen more, the price of downstream stainless steel has not increased.

The market outlook: As the US dollar fell, the nickel price rose, but the fundamentals did not change much, and the downstream performance was calm. It is expected that the nickel price will maintain a strong and volatile pattern in the short term.

NEW YORK, August 6 (Reuters) – Copper and other industrial metals continued to sell on Monday, as trade frictions between China and the United States, the world’s two largest economies, have been dragged down.

COMEX’s August copper contract fell 1.2% to close at $2.7210 per pound.

The September copper contract fell 3.20 cents to close at $2.7315 per pound.

Prices are close to the lowest level in more than a year, down about 17% from the four-year high in June. The market is worried that trade protectionism will slow down the Chinese economy and reduce demand for raw materials. China is the world’s largest consumer of goods, with copper demand accounting for about half of the world.

The State Council Tariff Commission announced on Friday evening that it decided to impose a tariff of 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States, if the US side insisted on adding it. When the tariff measures are implemented, the Chinese side will implement the above-mentioned tariff increase measures.

The US President to London has issued several Twitter slogans on Saturday to praise its tariff strategy has been effective, and will certainly be the US economy to develop again.

Analysts at Commerzbank said in the report: “The Sino-US trade disputes continue to escalate over the weekend and are pushing all metal prices down at the beginning of the new week.”

Zinc and tin in the London Metal Exchange (LME) also fell, and industrial metals are commonly used in manufacturing and construction.

Affected by changes in supply and demand fundamentals, last week (July 30 to August 3), both international oil prices and gold prices fell.

The expectation of increased production in the major oil-producing countries in the week dominated the trend of oil prices, which put oil prices under pressure.

It is reported that Russia and OPEC major oil producers have recently increased crude oil production to compensate for possible supply shortages. In addition, the US Energy Information Administration released a report showing that as of the week of July 27, US commercial crude oil inventories increased by 3.8 million barrels, while the market was originally expected to reduce by 2.8 million barrels.

Baker Hughes said last week that US drillers reduced their active rigs in the second week of the three weeks, reducing two last week and reducing the total number of rigs to 859.

As of August 3, the light crude oil futures for September delivery on the New York Mercantile Exchange fell $0.47 to close at $68.49 a barrel, down 0.68%. London Brent crude oil futures for October delivery fell $0.24 to close at $73.21 a barrel, down 0.33%.

Market participants said that the current crude oil market is in a period of severe shocks. As long as Iranian sanctions and global tariffs are uncertain, it is easy to cause the market to rise or fall sharply.

In terms of gold, the trend is still sluggish, and it fell slightly last week, falling in the seventh week of the past eight weeks.

The World Gold Council’s report this week put pressure on the market. The report shows that global gold demand fell by 6% in the first half of this year to the lowest level since 2009.

First, the price trend

According to the data of the business community, the price of cobalt in July fluctuated and fell by 5.74%. As of July 31, the average price of cobalt was 498,166.66 yuan / ton, compared with the average price of cobalt at the beginning of the month, 52,8500.00 yuan / ton, the price of cobalt fell by 30,333.34 yuan / ton, a decrease of 5.74%, an increase of 24.70% over the same period last year.

Second, the market analysis

Product aspect

In July, the average price of domestic metal cobalt market fell. In July, the price of cobalt sheet (content ≥99.8%) of Wuxi Stainless Steel Trading Center fell. As of July 31, the price of cobalt was 485000-518,000 yuan/ton, which was 535000-568000 yuan/ton at the beginning of the month, and the price dropped by 50,000 yuan/ton. The spot cobalt price in the London LEM market fluctuated and fell from $74,500-75,000/ton at the beginning of July to $69,500-70,000/ton, down $5,000/ton. In July, the cobalt market fluctuated and fell. Although there was a short-term rise in the price of cobalt, it was difficult for the enemy to fall.

Policies and regulations

In July, 21 new energy vehicle policies were introduced at the national level. Among them, the Ministry of Finance announced that new energy vehicles are exempt from vehicle and vessel tax, energy-saving vehicles are halved, the Ministry of Communications has intensified the preparation of closed-circuit testing technical documents for self-driving vehicles, the Ministry of Industry and Information Technology has issued a three-year action plan, and the National Standards Committee has Method: National Standards for Soliciting Opinions, Ministry of Industry and Information Technology: Passenger car companies launch policy opinions such as “double points” transactions. The government concentrated on the new energy vehicle policy in July and vigorously promoted the development of new energy vehicles. The development of new energy vehicles has formed a favorable demand for cobalt market. However, due to the lag of the policy, the market will not respond to the policy in the short term. In the long run, the cobalt market is still optimistic.

Following the US $200 billion tariff, US President Trump said in an interview with CNBC on Friday that he was prepared to impose tariffs on $505 billion of Chinese imports. This is equivalent to all the goods that China exports to the United States. Trump’s remarks will intensify the Sino-US trade war or lead to an escalation of the global trade war. The escalation of the trade war will seriously affect future economic expectations. The non-ferrous metal sector is expected to decline across the board. The growth of cobalt demand will be dragged down sharply. The rise in cobalt prices does not have sufficient support and momentum.

Data statistics

According to statistics from the China Association of Automobile Manufacturers, in June, the production and sales of new energy vehicles were 86,000 and 84,000, respectively, an increase of 31.7% and 42.9% over the same period of the previous year. From January to June, the production and sales of new energy vehicles completed 413,000 and 412,000 respectively, an increase of 94.9% and 111.5% over the same period of the previous year. The performance of new energy vehicles is still strong, but the growth rate has slowed down compared with the previous period. Strong new energy vehicles have brought growth momentum to cobalt demand, but the slowdown in demand has dealt a fatal blow to the cobalt market. Since the cobalt price in 2017 has risen sharply, there has been a large amount of samarium cobalt for sale in the cobalt market. The courage to produce a large amount of cobalt is mainly due to the strong performance of new energy vehicles. The performance of new energy vehicles is slightly lower than expected. The cobalt market will bear a lot of pressure to sell cobalt, which will affect the rise of cobalt prices.

international firms

Since Matsushita was unable to judge the batteries made of cobalt from Cuba, how many of the batteries entered the US market. Under the influence of US trade sanctions against Cuba, Matsushita’s supply of batteries to Tesla will be affected. Trade sanctions affect the circulation of materials, which increases the cost of cobalt circulation, and promotes the rise of cobalt prices in disguise.

Third, the outlook outlook

In July, the market of cobalt market fluctuated and fell. At the beginning of July, the price of cobalt rose slightly, and it was intended to stop falling. But as time progressed, the market reaction reflected that the rise in cobalt prices was only a false appearance, and the short-term rise was difficult for the enemy to fall. According to the analysis of the data analysts of the business community, the new energy vehicles performed well in June and July, which guaranteed the basic demand of the cobalt market. However, the growth rate of new energy vehicles began to slow down, limiting the strength and speed of the rebound of cobalt prices. The Sino-US trade war continues to heat up, and the deterioration of the international trade environment has made the future macroeconomic development weak, and the risk of negative demand for cobalt in the market has increased. At the same time, trade wars and trade sanctions have also increased the risk of cobalt circulation, which may increase the cost of cobalt circulation and promote the rise of cobalt prices in disguise. It is predicted that the price of cobalt will be adjusted in the future, and the risk of falling cobalt price will increase in the short term. August is a period worthy of attention. The trend of cobalt price in the second half of the year may give a clear signal in August. Investors are worth noting that there will be a more obvious ups and downs in late August.