Domestic cobalt prices rebound and rise
According to data monitoring from Business Society, as of June 6th, the cobalt price was 257500 yuan/ton, an increase of 0.78% compared to June 4th, when the cobalt price was 255500 yuan/ton; The cobalt price increased by 1.74% compared to 253100 yuan/ton at the end of last month and May 31st. The international cobalt price rebounded and rose, while the domestic cobalt market rebounded and the cobalt price fluctuated and rose.
International cobalt prices rebound and rise
From the trend chart of MB cobalt prices, it can be seen that in June, MB cobalt prices fluctuated and rose, while international cobalt prices rebounded and rose, while domestic cobalt manufacturers and traders followed suit.
Overview and outlook
Bai Jiaxin, a data analyst at Business Society, believes that the rebound in international cobalt prices is beneficial for the domestic cobalt market; Recently, the price of cobalt salt has fluctuated and increased, with the price of intermediate cobalt products rising, and the driving force for cobalt price increase has increased; In May, the sales of new energy vehicles rebounded, and the demand for lithium batteries and storage equipment rebounded, leading to an increase in demand in the cobalt market. Overall, the rise of the international cobalt market has stimulated a rebound in the domestic cobalt market, leading to an increase in demand. It is expected that cobalt prices will fluctuate and rise in the future.
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