The cobalt market fluctuated and stabilized this week

Domestic cobalt price shocks stabilized this week

Thiourea

According to the data monitoring of business society, the domestic cobalt price fluctuated and stabilized this week, and the cobalt market fluctuated and adjusted strongly. As of October 26, the cobalt price was 400800 yuan / ton, slightly higher than the cobalt price of 400200 yuan / ton last weekend (October 17), an increase of 0.15%. Cobalt prices rose slightly this week, and the overall cobalt Market stabilized.

Mobile phone shipments fell both month on month and month on month

According to the analysis report on the operation of the domestic mobile phone market in September 2021 released by the China Academy of communications and communications, the mobile phone shipment in the domestic market in September was 21.44 million, a year-on-year decrease of 8.1%, 24.306 million in August, and 11.8% in September; In the third quarter of 2021, the total shipments of mobile phones in the domestic market totaled 7442.2, a year-on-year increase of 2.6%. From January to September 2021, the total shipments of mobile phones in the domestic market totaled 249 million, a year-on-year increase of 10.2%. Mobile phone sales fell both month on month and month on month for two consecutive months. Although mobile phone shipments continued to rise year-on-year from January to September, the future mobile phone market was full of fatigue, and the decline of mobile phone sales was bad for the cobalt market.

Market Overview

Bai Jiaxin, a data analyst at the business agency, believes that the recent strong performance of the new energy vehicle market remains, but the proportion of ternary batteries has declined, indicating that the cobalt market has not borrowed the dynamic wind of new energy vehicles, and the demand for cobalt has increased greatly; In terms of the performance of the mobile phone market, the mobile phone shipments have both declined for two consecutive months on a month on month basis, and the demand for cobalt at the mobile phone end has declined significantly. Although the continuous rise of the international cobalt price has stimulated the domestic cobalt price to rise, the weak performance at the demand end has insufficient impetus for the rise of the cobalt price, but in the long run, the rise in the demand of the cobalt market is inevitable, and the long-term rise of the cobalt market has sufficient support, Cobalt prices are expected to rise slightly in the future.

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