Domestic cobalt prices continue to rise
According to the data monitoring of business agency, the cobalt market continued to trend in June in July, and the price of cobalt rose. As of July 9, the cobalt price was 371666.66 yuan / ton, up 5.89% compared with that of 351000.00 yuan / ton on June 1; The cobalt price rose 8.46% compared with the price of cobalt on June 17, 342666.66 yuan / ton; The price of cobalt rose by 1.55% from the price of 366000.00 yuan / ton on July 1. After the first half of the storage, cobalt City ushered in an outbreak in the second half.
Co market supply
According to the data of Customs network, in may2021, China’s total imports of cobalt raw materials amounted to 73 million tons of metal tons, a 31% decrease on a year-on-year basis, an increase of 95% year on year. From January to may 2021, China’s total imports of cobalt raw materials amounted to 39000 tons of metal tons, an increase of 20% year-on-year. Affected by the blockade of ports in South Africa in 20 years, the import of cobalt raw materials decreased sharply in May of 20 years. In May of 21, the import volume of cobalt raw materials rose sharply year on year, 31% lower than that of April, the import of cobalt raw materials decreased significantly and the supply increment of cobalt Market decreased. In March, the cobalt price fell sharply, the domestic cobalt market was more active in import, and the stock of domestic cobalt market accumulated. Meanwhile, the sharp decline of cobalt price in March made some enterprises delay the purchase of cobalt raw materials, and the import volume of cobalt raw materials decreased month on month in May. With the stable cobalt price, the expected return of cobalt raw materials to Hong Kong in June. And in the first quarter, the domestic cobalt market has accumulated enough stock, and it is expected that the supply of cobalt market is sufficient in the future, and the supply is short of demand.
Sales volume of new energy vehicles
According to statistics of the passenger Union, the wholesale sales of new energy passenger vehicles reached 227000 in June, an increase of 14.7% on May, an increase of 165.7% year on year; In June, the retail sales of new energy passenger vehicles reached 223000, an increase of 169.9% year-on-year, and a 19.2% increase on May. From January to June, new energy passenger vehicles were wholesale 1.87 million, an increase of 231.5% year-on-year. From January to June, new energy vehicles retail 1.01 million, an increase of 218.9% year-on-year. The new energy vehicle market has performed strongly, and demand in cobalt is expected to rise.
The impact of the epidemic in South Africa
On novel coronavirus pneumonia, South Africa President Rama Fossae announced in June 27th that when South Africa’s national television address was released, the South African government decided to raise the level of “blockade order” from three to four for the current third wave of new severe pneumonia. The South African government continuously upgraded the “blockade order” level within one month, which affected the economic operation in South Africa, affected the operation of South Africa’s ports and logistics transportation, and restricted the departure of goods. The transportation of cobalt raw materials is limited, and the supply of cobalt market may be short-term.
A summary of the market
Although the sales volume of new energy vehicles rose sharply in June, the fastest growth was the brand using lithium iron phosphate. On the contrary, the growth rate of ternary battery vehicles was low, and the demand of cobalt market was not obvious; In the first quarter, the import of cobalt raw materials in China increased greatly, and the stock of cobalt market was abundant. In April and may, the continuous low cobalt price stimulated the import of cobalt raw materials. It is expected that the import data of cobalt raw materials in the market will increase rapidly in the future, and the supply of cobalt market is sufficient.
Baijiaxin, an analyst with data from business society, thinks that the import of cobalt raw materials has not declined significantly at present, and the supply of cobalt Market in China is sufficient; The new energy vehicles sales of the demand end increased greatly, while the demand of cobalt market increased; The supply and demand relationship of cobalt city is still not unbalanced, but the South African epidemic has increased the risk of short-term shortage of cobalt, which stimulated the high cobalt price. Generally speaking, the demand of cobalt Market in the future is expected to rise. The South African epidemic situation makes the supply shortage risk of cobalt market increase. At the same time, due to the abundant stock of the domestic cobalt market, the risk of supply shortage in the domestic cobalt market is limited, the space for cobalt price rise is limited, and the impact of cobalt price is difficult to hit 400000.
| Thiourea |