Small metal cobalt since the opening of the second wave in June after entering the resumption of stagnation in July, enter the market in August again rebounded, according to the business community data show that as of this weekend (August 4), the domestic market, the average price of cobalt rose 410166 yuan / ton, compared with the beginning of the market average price of 399833 yuan / ton up 2.58 percent, this week rose 2.67 percent. November 2016 cobalt prices rose market so far, has soared 90%, so the pace has not yet stopped.
The same time as
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According to the Commodity Index Analysis System, the Cobalt Commodity Index on August 3 was 145.74, up 1.8 points from the previous day, setting a record high in the cycle, up 108.68% from the 69.84 points on July 05, (Note: cycle refers to 2011-09-01 so far).
The domestic price of cobalt this week again on the one hand is from the market in June opened a wave of gains has not yet ended, on the other hand is the impact of external disk, the data show that LME cobalt spot price from the week of 57500 US dollars / ton Rose to 58,500 US dollars / ton, or 1.7%, driven by the domestic disk led the domestic spot market, while domestic manufacturers to settle the cost of imported ore prices is expected to strengthen the activation of the market investment speculation, but with the cobalt Prices continue to rise, the market cautious mood breeding.
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From the supply and demand point of view, cobalt fundamentals are still tight supply. With the rapid development of new energy vehicles, policy support for high-energy density batteries continue to increase, the current mature solution for the ternary technology path, the formation of support for cobalt, and cobalt production capacity growth is limited. It is reported that 2017 cobalt production capacity mainly from CHEMAF and Wanbao mining two companies. 2018 – 2019 supply increases are mainly concentrated in the two projects of Glencore. It is estimated that the global cobalt supply in 2010 will be 108,504 tons, the global cobalt consumption will be 113324 tons and the gap will be 4820 tons.
Outlook outlook
The second half of the Cobo City, the rise is mostly driven by overseas prices and capital hype, the actual market waiting to see the majority of the expected short-term cobalt city will continue high, the price of 42 million up and down, but simply by market speculation and investment trends to pull, Continue to rise is expected to market will be difficult to follow up.
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