On September 11, the price of metallic cobalt in the domestic non-ferrous metal spot market rose. The average price of cobalt was 49,2750.00 yuan/ton, which was 0.66% higher than the previous trading day.

On September 11, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 10, the cobalt commodity index was 178.08, up 0.72 points from yesterday, down 26.30% from the highest point of 238.91 points (2018-04-15) in the cycle, up 152.12 from the lowest point of 69.84 on July 5, 2016. %. (Note: Period refers to 2011-09-01 to date).

On September 11, the domestic price of cobalt rose, and the price of cobalt powder in Shanghai remained stable, and the actual transaction price increased slightly. On September 11, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 472,000-496,000 yuan/ton, and the price of cobalt was stable. On September 11, the stock was 632 tons, and the inventory was reduced by 3 tons. The supply of cobalt is at a high level, and the downstream enterprises are purchasing on demand, but the market is still mainly on the sidelines. The cobalt price in the international market has risen slightly, causing the domestic market to follow suit and the short-term domestic cobalt price may rise slightly. On the demand side, the growth rate of new energy vehicles has declined, but the performance is still better than market expectations. The performance of new energy vehicles is positive for the stability of cobalt prices, but it is difficult to change the downward trend of cobalt prices. However, due to the absolute high cobalt price in the previous period, the import cost of cobalt ore is relatively high, and the space for cobalt price decline is limited.

In terms of market outlook, the increase in international cobalt prices has led to a rise in domestic cobalt prices. However, due to the absence of major changes in the supply and demand of cobalt, the overall supply of cobalt is oversupplied, cobalt prices are difficult to maintain, and domestic cobalt prices are still at risk of decline. It is expected that the price of cobalt will fluctuate and stabilize. In the short term, the price of cobalt rebounded slightly.